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JohnnyQ
JohnnyQ
JohnnyQ
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April 24th, 2015 at 7:07:13 AM permalink
Let There be Light !

Atlantic City power supplier agrees to turn the lights on at Revel
There's emptiness behind their eyes There's dust in all their hearts They just want to steal us all and take us all apart
jerrysnj
jerrysnj
jerrysnj
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April 24th, 2015 at 4:45:16 PM permalink
Quote: jerrysnj

The AC Press is reporting that Polo North has reached a two week agreement with ACR to supply power while they work out a long term deal. The Polo North should be powered up by Friday.


I guess I should have known better but believe it or not there was a snag and now the building won't be powered up until sometime next week. It's looking less likely they'll have this open by the beginning of the summer.
http://www.philly.com/philly/business/20150424_ap_d9fec33ecc7343a59e519dc30a791d26.html
MrsHeartRN
MrsHeartRN
MrsHeartRN
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April 28th, 2015 at 4:29:08 AM permalink
another stumbling block.....the saga continues. "They" are making it really difficult for this guy....

http://www.philly.com/philly/business/20150427_ap_248fb9fa2d1340988500cacd6f651303.html
You only go around once, but if you play your cards right, once is enough.” ¯ Francis Albert
Boz
Boz
Boz
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April 28th, 2015 at 4:36:49 AM permalink
Quote: MrsHeartRN

another stumbling block.....the saga continues. "They" are making it really difficult for this guy....

http://www.philly.com/philly/business/20150427_ap_248fb9fa2d1340988500cacd6f651303.html



This one should not have been a surprise to him if he had decent lawyers. Anyone involved in casino ownership has to be licensed so they should have started this process a long time ago.
MrsHeartRN
MrsHeartRN
MrsHeartRN
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April 28th, 2015 at 5:44:14 AM permalink
Quote: Boz

This one should not have been a surprise to him if he had decent lawyers. Anyone involved in casino ownership has to be licensed so they should have started this process a long time ago.




It might not have been a surprise but with his delusions of grandeur he also probably thought those rules didn't apply to him.
You only go around once, but if you play your cards right, once is enough.” ¯ Francis Albert
coilman
coilman
coilman
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April 28th, 2015 at 5:50:02 AM permalink
Did Revel people buyout SHOWBOAT?

Sister was saying something along this line.... they planned on running the electricity from SHOWBOAT to power REVEL

brother in law worked on almost all those places over the past 30 years
7star4now
7star4now
7star4now
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April 28th, 2015 at 10:09:08 AM permalink
Quote: MrsHeartRN

another stumbling block.....the saga continues. "They" are making it really difficult for this guy....

http://www.philly.com/philly/business/20150427_ap_248fb9fa2d1340988500cacd6f651303.html



"A gaming enforcement spokeswoman said recently that Straub had filed some of the materials needed to be considered for a license, but that his application was not yet complete. "

Could this be the missing document?

7star4now
7star4now
7star4now
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April 28th, 2015 at 10:14:05 AM permalink
From AC Press Today: No Revel likely this summer

"Glenn Straub said Tuesday that the former Revel casino won't reopen by Memorial Day, and raised doubts that the property will be open at all this summer. "
MrsHeartRN
MrsHeartRN
MrsHeartRN
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April 28th, 2015 at 10:41:59 AM permalink
Quote: 7star4now

"A gaming enforcement spokeswoman said recently that Straub had filed some of the materials needed to be considered for a license, but that his application was not yet complete. "

Could this be the missing document?




7stars you gave me my afternoon chuckle.
You only go around once, but if you play your cards right, once is enough.” ¯ Francis Albert
JackStraw8004
JackStraw8004
JackStraw8004
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April 29th, 2015 at 7:52:39 AM permalink
There is no way you can hire and staff a property in 30 days anyway. It takes months to hire and train people to do a job. The paperwork alone takes weeks to process. This isn't an arcade game on the Boardwalk. Think about all the engineering and maintenance you have to do to get the property up and running again. No one has even been granted a casino license. Who would would operate the casino if he chooses to open part of it on a limited scale.
teddys
teddys
teddys
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April 29th, 2015 at 7:24:16 PM permalink
Quote: boobert

The power cost is not the problem. It's the 20 year guaranteed interest on the municipal bonds used to build it. That deal survived the first bankruptcy but it's been the major reason for Revel's failure since the beginning.

This is a big deal. The dangers of financing what should be private enterprises with public funds. WTF does another casino on the boardwalk contribute to public good? Shameful...
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
7star4now
7star4now
7star4now
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May 7th, 2015 at 7:06:21 PM permalink
Quote: MrsHeartRN

Quote: 7star4now

"A gaming enforcement spokeswoman said recently that Straub had filed some of the materials needed to be considered for a license, but that his application was not yet complete. "

Could this be the missing document?




7stars you gave me my afternoon chuckle.




https://www.youtube.com/watch?v=G_Sy6oiJbEk
teddys
teddys
teddys
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May 7th, 2015 at 8:18:45 PM permalink
Quote: 7star4now



https://www.youtube.com/watch?v=G_Sy6oiJbEk

Classic.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
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