AC: Revel Close...Sale...Fail
August 19th, 2014 at 10:29:36 AM
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This whole Revel situation invokes disbelief. Obviously coincidental, but the third-party armored car service can't get it right either? Does anybody know how to play this game? I figure it is not SOP to put the money on the roof. Then they notify Revel the money is missing? Don't call us, call your insurer, we have our own problems!
August 19th, 2014 at 11:21:55 AM
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I play poker and would have played at Revel if I could find the darn room. You have to go up the escalator four flights. Go through the maze which is their casino floor. Then up another two flights of stairs and if you happen to go clockwise, you have to travel almost the entire floor to find the poker room.
Guess how long it took them to close the poker room.
When there was a poll about which casino in AC will be first to close, I picked Revel although it was not one of the choices. The other casino that was not in the poll was Borgata.
In order for Revel to have a chance when it reopens from the casino point, not debt point is.
1. Move the casino to the boardwalk level.
2. Do not make the casino floor into a maze. I still get lost in there.
3. Have many cheap eat places and a great buffet.
4. Get managers who know what they are doing and know how to treat players right.
This will start the process in the right direction.
Guess how long it took them to close the poker room.
When there was a poll about which casino in AC will be first to close, I picked Revel although it was not one of the choices. The other casino that was not in the poll was Borgata.
In order for Revel to have a chance when it reopens from the casino point, not debt point is.
1. Move the casino to the boardwalk level.
2. Do not make the casino floor into a maze. I still get lost in there.
3. Have many cheap eat places and a great buffet.
4. Get managers who know what they are doing and know how to treat players right.
This will start the process in the right direction.
Edward Snowden is not the criminal, the government is for violating the constitution!
August 19th, 2014 at 2:34:34 PM
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I think the Revel's Boardwalk entrance was its fatal flaw. I'm not sure the Revel has any floor structure at Boardwalk level, it appears that the doors to the escalators are 1/2 story above the Boardwalk. It was a terrible design, but I think they are pretty much stuck with the casino on Floor 7. Maybe they can put some gaming into the space just south of the current Boardwalk entrance as you walk north from the Showboat, which apparently was intended for retail, but there's really no way to connect that to the main casino. It was also dumb to put the parking structure next to Showboat, that cuts them off from any possible connection to Showboat ala Taj Mahal. The parking garage should have been built on the north (inlet) side of the casino.
On another note...to Dave from Moorestown...it's a travesty what is happening on the TA forum. Your posts all deleted, while ED's insults remain...that's awful. I visit TA forums for a few other cities (LV, NOLA)...none has anything close to the level of censorship that's found on the AC forum. And for the record...the AC beaches do have powdery black sand when compared to beaches Brigantine and north ...and it is from algae blooms. I though everybody knew that...Wildwood has the same "dirty" sand. The photo you posted could have been taken any day in the last 30 years...that's as long as I have been visiting AC regularly. I have been dealing with that sand forever...and I swim in the ocean nearly every single day when in AC...except in winter.
On another note...to Dave from Moorestown...it's a travesty what is happening on the TA forum. Your posts all deleted, while ED's insults remain...that's awful. I visit TA forums for a few other cities (LV, NOLA)...none has anything close to the level of censorship that's found on the AC forum. And for the record...the AC beaches do have powdery black sand when compared to beaches Brigantine and north ...and it is from algae blooms. I though everybody knew that...Wildwood has the same "dirty" sand. The photo you posted could have been taken any day in the last 30 years...that's as long as I have been visiting AC regularly. I have been dealing with that sand forever...and I swim in the ocean nearly every single day when in AC...except in winter.
August 19th, 2014 at 3:34:43 PM
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I always felt like I was entering the Revel from "the back" via the Boardwalk. However, it never affected my eventual entrance into their casino.
It's amazing how many old school slots Trump has, I'd say half of their slots are as old as me...
It's amazing how many old school slots Trump has, I'd say half of their slots are as old as me...
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
August 19th, 2014 at 4:46:32 PM
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What really doomed Revel: Trying to "sell ice cubes to eskimos":
This may surprise some, but I am actually, overall, a fan of much of Revel's design.
I concede the obvious design flaws, but many of those are present in hotels I enjoy in Vegas, & I think they could have been overcome. I admire Borgata, but I am a fan of the boardwalk & beach, & think Revel blows away the dumps I've patronized 30+ years.
They say you never get a chance to make a 2nd impression, & there are only a handful of days in your life whose outcome actually determines you fate.
Revel week1 players club "clawback" (often without clear warning) , of player club pts to payback premium player room costs, left some of the best players in AC with a negative point balance on their 1st RV visit -something they had never encountered before. Word in the premium player clubs around AC spread quickly & deterred potential profitable players from ever visiting revel.
IMO, this is the most impt single , ignored aspect of Revel's clueless attitude re the AC market.
A small % of premium players provide the lion's share of revenues, & determine the fate of a casino.
Big crowds from the boardwalk impress the naive press & novice players, but don't move the needle.
Those of us who haven't paid for a room in AC for decades laughed at Kevin D's arrogance & went back to our old casinos.
As it turned out, we AC eskimos have all the free ice cubes (rooms) we can eat .
We weren't willing to pay for prettier ice cubes every time we went to AC.
This may surprise some, but I am actually, overall, a fan of much of Revel's design.
I concede the obvious design flaws, but many of those are present in hotels I enjoy in Vegas, & I think they could have been overcome. I admire Borgata, but I am a fan of the boardwalk & beach, & think Revel blows away the dumps I've patronized 30+ years.
They say you never get a chance to make a 2nd impression, & there are only a handful of days in your life whose outcome actually determines you fate.
Revel week1 players club "clawback" (often without clear warning) , of player club pts to payback premium player room costs, left some of the best players in AC with a negative point balance on their 1st RV visit -something they had never encountered before. Word in the premium player clubs around AC spread quickly & deterred potential profitable players from ever visiting revel.
IMO, this is the most impt single , ignored aspect of Revel's clueless attitude re the AC market.
A small % of premium players provide the lion's share of revenues, & determine the fate of a casino.
Big crowds from the boardwalk impress the naive press & novice players, but don't move the needle.
Those of us who haven't paid for a room in AC for decades laughed at Kevin D's arrogance & went back to our old casinos.
As it turned out, we AC eskimos have all the free ice cubes (rooms) we can eat .
We weren't willing to pay for prettier ice cubes every time we went to AC.
August 19th, 2014 at 4:52:19 PM
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I don't fault Revels original idea. From what I can tell, they were going after people unlike me. They wanted to fill their hotel with more affluent people than what AC currently gets. I don't think they were planning on taking customers away from the other properties, but thought they could bring in a brand new customer base. Unfortunately that customer base was unwilling to come.
On the other hand, if they wanted that customer base they should have catered more to the Asian community. How many Asians from New York travel to foxwoods and spend 10s of thousands of dollars? I bet it is a lot. The three times that I have been there, hotel rooms were over $400 a night so I stayed elsewhere. If Foxwoods can get that many people into the middle of nowhere, surely a well run high scale property on the ocean could do the same.
On the other hand, if they wanted that customer base they should have catered more to the Asian community. How many Asians from New York travel to foxwoods and spend 10s of thousands of dollars? I bet it is a lot. The three times that I have been there, hotel rooms were over $400 a night so I stayed elsewhere. If Foxwoods can get that many people into the middle of nowhere, surely a well run high scale property on the ocean could do the same.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
August 19th, 2014 at 5:07:36 PM
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Quote: GWAEI don't fault Revels original idea. From what I can tell, they were going after people unlike me. They wanted to fill their hotel with more affluent people than what AC currently gets. I don't think they were planning on taking customers away from the other properties, but thought they could bring in a brand new customer base. Unfortunately that customer base was unwilling to come.
On the other hand, if they wanted that customer base they should have catered more to the Asian community. How many Asians from New York travel to foxwoods and spend 10s of thousands of dollars? I bet it is a lot. The three times that I have been there, hotel rooms were over $400 a night so I stayed elsewhere. If Foxwoods can get that many people into the middle of nowhere, surely a well run high scale property on the ocean could do the same.
True but if you've ever been to a casino in Asia, a large % of Aisian players smoke - ESPECIALLY when they gamble.
Visit Tokyo, you can't smoke on a public sidewalk but every other storefront is a smoke filled "pachinko parlor"
BTW "gambling" is technically illegal in Japan, but if you want to see hardcore 24/7 whales, visit a "pachinko parlor" & wear a gas mask
August 19th, 2014 at 7:40:15 PM
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The REAL reason Revel had to close.
http://www.pressofatlanticcity.com/news/crime/revel-money-missing-after-falling-off-armored-truck-s-roof/article_98f06272-27bc-11e4-bfd8-001a4bcf887a.html?mode=story
http://www.pressofatlanticcity.com/news/crime/revel-money-missing-after-falling-off-armored-truck-s-roof/article_98f06272-27bc-11e4-bfd8-001a4bcf887a.html?mode=story
"It's not called gambling if the math is on your side."
August 19th, 2014 at 7:47:33 PM
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GWAE I agree. Revel was conceived as a resort first that happened to have a casino attached, It was aimed at the young and affluent crowd. Those who since the great recession have been living at their parents house trying to pay off student loans. In my mind made no sense. During the summer? Maybe. But come Oct.-April those young and not so young and affluent aren't going to stick around N.J., they will go to Florida or some other warm place for the resort experience.
Now for the actual design of the place, it is the worst lay out of any casino in A.C. IMHO. Take the casino floor. It is blocked by walls and other obstructions. I have found it easy to get lost in. Machines aren't in neat labeled rows. It is dark in Revel. For older people this could be a big deterrent. That and bathrooms are not very conveniently located. The boardwalk entrance is the worst of any boardwalk casino. Yes there is an elevator but most will take the steps, breath taxi fumes and taxi driver b.o. before getting close to the casino. But it was built as a resort first. They really didn't want to appear to inviting to the humbled masses on the boardwalk. They were expecting a parking garage full of BMW's, Lexus's etc. And speaking of the parking garage, as Coachbelly pointed out,it is on the wrong side of the building! The only reason I can think of to but it on the west side is so it will photograph well from across the inlet in Brigantine.
I do feel bad for all the employees of Revel who through no fault of their own, are soon to be unemployed.
Revel won't work as resort. Won't work as a casino/hotel. I am at a loss as to what it could be used for. A smaller place like Showboat or Atlantic Club can become something else. Revel is just so big it will have high overhead costs. I just can't think of what could pay overhead and still return a profit to new owners.
Now for the actual design of the place, it is the worst lay out of any casino in A.C. IMHO. Take the casino floor. It is blocked by walls and other obstructions. I have found it easy to get lost in. Machines aren't in neat labeled rows. It is dark in Revel. For older people this could be a big deterrent. That and bathrooms are not very conveniently located. The boardwalk entrance is the worst of any boardwalk casino. Yes there is an elevator but most will take the steps, breath taxi fumes and taxi driver b.o. before getting close to the casino. But it was built as a resort first. They really didn't want to appear to inviting to the humbled masses on the boardwalk. They were expecting a parking garage full of BMW's, Lexus's etc. And speaking of the parking garage, as Coachbelly pointed out,it is on the wrong side of the building! The only reason I can think of to but it on the west side is so it will photograph well from across the inlet in Brigantine.
I do feel bad for all the employees of Revel who through no fault of their own, are soon to be unemployed.
Revel won't work as resort. Won't work as a casino/hotel. I am at a loss as to what it could be used for. A smaller place like Showboat or Atlantic Club can become something else. Revel is just so big it will have high overhead costs. I just can't think of what could pay overhead and still return a profit to new owners.
August 19th, 2014 at 7:51:59 PM
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That 20K is what they lose in about 30 minutes if they are losing 1 million a day.
August 20th, 2014 at 12:59:15 PM
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Quote: AceCrAAckers
2. Do not make the casino floor into a maze. I still get lost in there.
It's amazing how many people bring this up. I never visited Revel, but I get lost in most casinos I have been to. If Revel was that much worse, it must have had a super confusing layout.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
August 20th, 2014 at 1:17:50 PM
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Quote: AcesAndEightsIt's amazing how many people bring this up. I never visited Revel, but I get lost in most casinos I have been to. If Revel was that much worse, it must have had a super confusing layout.
I've been in Revel's casino more than 150 times, but sometimes I still have to pause and think where something is. It's the most confusing and unintuitive casino layout I've ever seen.
August 20th, 2014 at 1:26:01 PM
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Quote: sodawaterI've been in Revel's casino more than 150 times.
Wow. Just wow. 150 times! So you planning to head there to pay your respects before it closes?
Quote: sodawaterI still have to pause and think where something is. It's the most confusing and unintuitive casino layout I've ever seen.
LOL. That is the same for me when dealing with the monstrosity that is the MGM Grand, Mandalay Bay and Venetian/Palazzo in Vegas.
August 20th, 2014 at 2:48:38 PM
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Quote: sodawaterI've been in Revel's casino more than 150 times, but sometimes I still have to pause and think where something is. It's the most confusing and unintuitive casino layout I've ever seen.
I think the problem with the Revel layout is that it's more like a round doughnut rather than square like other places.... and if you don't learn which bars, exits, etc. line up with which machines and tables as you go around then it's kind of hard to find a point a reference to know where you are.
August 20th, 2014 at 3:45:46 PM
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A confusing design inside a casino is normal, but it's possible Revel overdid it. Psychological tricks work best when they're subtle, but when overdone, their obviousness turns people off to just leave and not want to come back. It all seemed obvious to me when I was there.
I am a robot.
August 20th, 2014 at 4:16:04 PM
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Apparently round is better in casino design.Quote: ECoasterI think the problem with the Revel layout is that it's more like a round doughnut rather than square like other places.... and if you don't learn which bars, exits, etc. line up with which machines and tables as you go around then it's kind of hard to find a point a reference to know where you are.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
August 20th, 2014 at 10:14:17 PM
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One of the biggest problem with the Revel was the location of the restrooms. They are not really convenient to the casino floor. They did keep them clean so I will give them credit for that.
August 21st, 2014 at 10:58:55 AM
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REVEL TO DELAY CLOSING!
... by 1 hour.
Revel just announced that instead of closing its casino at 5 am on Sept 2, it will now close at 6 am on Sept 2. Wonder why the hour was added. What difference does it make? Maybe they just want people leaving when it's daylight outside.
Revel even bungles its closing announcements.
... by 1 hour.
Revel just announced that instead of closing its casino at 5 am on Sept 2, it will now close at 6 am on Sept 2. Wonder why the hour was added. What difference does it make? Maybe they just want people leaving when it's daylight outside.
Revel even bungles its closing announcements.
August 26th, 2014 at 7:14:05 PM
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“Casinos are not great conversions to other uses,”
said Paul Steelman, principal of Steelman Partners, a Las Vegas-based architecture firm for the entertainment industry. “They are custom-designed buildings that are very expensive to operate and maintain.” Mr. Steelman said he knew of no successful conversion of a large resort casino anywhere in the world.
http://www.nytimes.com/2014/08/20/realestate/commercial/as-casinos-close-atlantic-city-grapples-with-empty-spaces.html?_r=0
said Paul Steelman, principal of Steelman Partners, a Las Vegas-based architecture firm for the entertainment industry. “They are custom-designed buildings that are very expensive to operate and maintain.” Mr. Steelman said he knew of no successful conversion of a large resort casino anywhere in the world.
http://www.nytimes.com/2014/08/20/realestate/commercial/as-casinos-close-atlantic-city-grapples-with-empty-spaces.html?_r=0
August 26th, 2014 at 7:29:08 PM
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Just be patient and you'll find out. It's gone, it's done, and it's not coming back without divine intervention.Quote: 7star4now“Casinos are not great conversions to other uses,”
said Paul Steelman, principal of Steelman Partners, a Las Vegas-based architecture firm for the entertainment industry. “They are custom-designed buildings that are very expensive to operate and maintain.” Mr. Steelman said he knew of no successful conversion of a large resort casino anywhere in the world.
http://www.nytimes.com/2014/08/20/realestate/commercial/as-casinos-close-atlantic-city-grapples-with-empty-spaces.html?_r=0
I am a robot.
August 27th, 2014 at 4:28:01 PM
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How very true. It costs 3 million a month to heat and cool Revel. Besides a successful casino, I can't think of any other business that could create enough revenue to keep the doors open.
August 27th, 2014 at 6:43:41 PM
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Drugs?Quote: dave12038457How very true. It costs 3 million a month to heat and cool Revel. Besides a successful casino, I can't think of any other business that could create enough revenue to keep the doors open.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
August 30th, 2014 at 6:32:29 PM
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Was just told the Hard Rock buying Revel is a done deal (however I have heard this before)
August 30th, 2014 at 6:35:41 PM
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Hey, Hard Rock buying casinos in Colorado had been in news print and on tv many times.
As the Resident Professor Emeritus on this forum said :
It ain't over till it's over.
Yogi Berra
As the Resident Professor Emeritus on this forum said :
It ain't over till it's over.
Yogi Berra
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
August 30th, 2014 at 6:48:50 PM
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Hahaha Done deal, then it must be true.Quote: aceofspadesWas just told the Hard Rock buying Revel is a done deal (however I have heard this before)
I am a robot.
August 30th, 2014 at 8:21:01 PM
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Quote: onenickelmiracleHahaha Done deal, then it must be true.
The Revel is going for a bottom feeder price, probably 3 to 10 cents on the dollar. There is no way you can satisfy investors by negotiating a deal like that. The property must be sold at auction. Otherwise the sale will be tied up in lawsuits forever. No judge can be satisfied that a property like that was sold for a fair market price without an auction.
I remember the Hyatt Regency Waikoloa which was built in 1998 . If was the first example to me that you can spend too much on a resort. It opened a few months before the Bellagio and it had a brief stint as the most expensive resort in the world ($360-million) . The Hyatt Regency Waikoloa featured 1,241 rooms, along with eight restaurants, a dozen lounges, an immense health spa and enough water to float a fleet of ocean liners. A favorite attraction is a swim with the dolphins. But since Waikoloa has only six dolphins (and receives dozens of requests), a daily dolphin lottery is conducted. Thus, only a handful of guests win the chance to take the plunge.
It was sold in four years after the real estate bubble burst in Japan for about 10 cents on the dollar. Revel will be lucky to get that much.
August 30th, 2014 at 9:00:04 PM
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More gossip
Construction crews working daily at Revel to finish all the unfinished rooms
Construction crews working daily at Revel to finish all the unfinished rooms
August 31st, 2014 at 2:12:09 AM
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I heard a Large guitar was spotted just outside.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
August 31st, 2014 at 4:53:11 AM
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Quote: aceofspadesMore gossip
Construction crews working daily at Revel to finish all the unfinished rooms
Believe me, I heard a lot of stuff like this last week, but does anyone stop to think about how silly some of this sounds.
Finishing rooms? This would mean the company that is broke, losing a million a week and shutting the doors is spending more money on the place. Money that they never had for years when they believed in it. It means they want to add value to a casino/ hotel that bled them dry and they know has little value. It would be one of the worst business decisions ever (other than this entire story) and the Bankruptcy judge would probably have to have approved it. All of this without the press, who has reported everything on this deal, not knowing anything about this construction. It means they either hired local contractors, who show up in the middle of the night without anyone noticing. That is if they could actually find a local contractor they didn't stiff before.
Or it means Hard Rock, with no deal in place, unless you believe they have kept this all hidden from the public, is spending money before owning a property that has no need for the extra rooms going into the worst time of year.
I am not saying HR will not be the one to end up with Revel, what I am saying is you have to understand all the rumors out there now are from people losing their jobs who need and will cling to any piece of good news they hear.
August 31st, 2014 at 12:01:30 PM
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I don't see Revel re-opening. The overhead costs associated with such a property pose to much risk. And the gamblers have voted with their feet. Not enough people really like the place. A smaller place such as Showboat has a better chance IMHO.
September 2nd, 2014 at 3:58:04 AM
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What is the deal of Ravel versus Revel?
Revel infringes Ravel trademark. Ravel, a small hotel in Long Island near Manhattan, wants triple Revel's profits suing them in bankruptcy court. Revel says Ravel is actually infringing on Revel.
Does this mean Ravel thinks Revel has made profits? Am I wrong thinking Revel has a Revel brand company separate from the hotel/casino business? If so, why aren't they suing the Revel brand? Kevin was supposed to be running the brand, can't remember exactly what the article said now.
Revel infringes Ravel trademark. Ravel, a small hotel in Long Island near Manhattan, wants triple Revel's profits suing them in bankruptcy court. Revel says Ravel is actually infringing on Revel.
Does this mean Ravel thinks Revel has made profits? Am I wrong thinking Revel has a Revel brand company separate from the hotel/casino business? If so, why aren't they suing the Revel brand? Kevin was supposed to be running the brand, can't remember exactly what the article said now.
I am a robot.
September 2nd, 2014 at 11:04:29 AM
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http://www.philly.com/philly/business/20140902_Revel_s_casino_stutters_to_a_close.html
As it was from the start, Revel ended in a comedy of errors. A fire alarm was pulled at 1AM and they were almost giving bottles of liquor away.
As it was from the start, Revel ended in a comedy of errors. A fire alarm was pulled at 1AM and they were almost giving bottles of liquor away.
September 2nd, 2014 at 11:07:16 AM
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Cynthia Cortopassi has investors offering $50 million for Revel! Who you may ask???? This lady showed up outside Revel yesterday saying they turned her offer down. But she did get herself on TV again.
http://www.atlanticcityweekly.com/arts-and-entertainment/Atlantic-Citys-Gondola-Lady-Has-Her-Eye-on-the-Sky-Cynthia-Cortopassi-117247358.html
http://www.atlanticcityweekly.com/arts-and-entertainment/Atlantic-Citys-Gondola-Lady-Has-Her-Eye-on-the-Sky-Cynthia-Cortopassi-117247358.html
September 2nd, 2014 at 11:19:54 AM
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Quote: Bozhttp://www.philly.com/philly/business/20140902_Revel_s_casino_stutters_to_a_close.html
As it was from the start, Revel ended in a comedy of errors. A fire alarm was pulled at 1AM and they were almost giving bottles of liquor away.
A fitting, final, Revel epitaph:
"Revel's designers hoped to lure a younger crowd with Las Vegas-style elan by offering hip nightclubs, rooftop gardens, swimming pools and high-end restaurants.
The strategy emphasized entertainment over gaming, and it remained on display to the end. Thousands of revelers spent Monday partying at the hotel's Revel HQ Beach Club as DJ's played thumping dance music that could be heard for blocks.
But as the party ended, most revelers headed back to their cars, on a path that did not even take them to the same floor as Revel's casino."
http://www.reuters.com/article/2014/09/02/usa-new-jersey-atlantic-city-feature-pix-idUSL1N0R31C020140902
September 2nd, 2014 at 11:20:03 AM
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This is a very soft prediction, but let the record show I'm predicting the property formerly known as Revel opens under a new name and ownership in the first quarter of 2015.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
September 2nd, 2014 at 11:24:36 AM
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Boy, I hope you are correct Wiz. Just seems like such a waste.
BTW, did you make that last minute trip to AC that you were thinking about a couple weeks ago?
BTW, did you make that last minute trip to AC that you were thinking about a couple weeks ago?
September 2nd, 2014 at 11:32:02 AM
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Quote: kewljBoy, I hope you are correct Wiz. Just seems like such a waste.
That is also how I see it.
Quote:BTW, did you make that last minute trip to AC that you were thinking about a couple weeks ago?
No. I had to go to Texas on short notice a couple weeks ago and couldn't justify a second trip right after it.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
September 2nd, 2014 at 11:56:32 AM
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I know that Stockton has been interested in getting some Casino property in AC (they attmepted to get their hands on the Atlantic Club, but lost to the other group), that would be awesome if they ended up with the Revel.
September 2nd, 2014 at 11:58:07 AM
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Quote: WizardThis is a very soft prediction, but let the record show I'm predicting the property formerly known as Revel opens under a new name and ownership in the first quarter of 2015.
Do you have a prediction on who the owner would be?
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
September 2nd, 2014 at 12:01:29 PM
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Quote: GWAEDo you have a prediction on who the owner would be?
Well, I've heard the rumors about the MGM making new chips.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
September 2nd, 2014 at 12:13:09 PM
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Quote: GWAEDo you have a prediction on who the owner would be?
Wait, you mean Hard Rock is gonna sell the Revel so soon after buying it?
September 2nd, 2014 at 12:19:12 PM
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Not only do I think Revel won't reopen in the
first Q of 2015, I think at least one other casino
will announce a closure before then. The other
Trump, probably.
first Q of 2015, I think at least one other casino
will announce a closure before then. The other
Trump, probably.
"It's not called gambling if the math is on your side."
September 2nd, 2014 at 2:17:46 PM
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I heard the El Cortez was going to buy it.
"Man Babes" #AxelFabulous
September 2nd, 2014 at 2:26:13 PM
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Quote: djatcI heard the El Cortez was going to buy it.
So that's what the resort fee is for! They are going to buy a resort!
September 2nd, 2014 at 2:46:19 PM
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Quote: AxiomOfChoiceSo that's what the resort fee is for! They are going to buy a resort!
Biggest misuse of a word (resort fee at El Cortez) then women saying they are "curvy" when instead they are fat.
"Man Babes" #AxelFabulous
September 2nd, 2014 at 2:53:24 PM
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Quote: WizardThis is a very soft prediction, but let the record show I'm predicting the property formerly known as Revel opens under a new name and ownership in the first quarter of 2015.
I agree there will be willing "casino operators", aka Gary Loveman types , always looking for the next opportunity to squander investors $.
However, I can't see them being "willing & able" - because they need hedge fund guys like this to finance it & Revel's stupendous flop scared these out of AC for a long time -or ever:
(note this was written long before recent closures)
"Investor calls Atlantic City paper toxic
one hedge fund investor who specializes in distressed debt isn't touching any paper that comes out of Atlantic City, whether it's issued by the New Jersey shore city's gaming halls or by the municipality itself."
Read more: Investor calls Atlantic City paper toxic - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/restructuring/investor-calls-atlantic-city-paper-toxic.php#ixzz3CCJbVslq
September 2nd, 2014 at 2:58:42 PM
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Hey, what's with this slander of the fabulous ElCo going on over here? It is not a resort fee, it is called an "amenity fee" there, and they do in fact have an amenity: if you pay it, you get a room. One that is not in New Jersey.
Suck dope, watch TV, make up stuff, be somebody on the internet.
September 2nd, 2014 at 3:35:16 PM
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Quote: WizardThis is a very soft prediction, but let the record show I'm predicting the property formerly known as Revel opens under a new name and ownership in the first quarter of 2015.
My very soft prediction is on or before New Year's Eve
September 2nd, 2014 at 3:38:30 PM
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Quote: WizardWell, I've heard the rumors about the MGM making new chips.
Is this on the internet…? article? Link?
September 2nd, 2014 at 4:21:08 PM
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