Revel News (June Hotel opening )
The Casino will reopen as well, however there is no timetable. The Casino floor is being redesigned to be 50% of the previous size.
The name will also be changed, no final name has been decided on yet.
And, no determination on if smoking will be allowed (though based on past performances of nonsmoking experiments in AC casinos, it's a very safe bet that it will be).
-Oh and construction of the Water Park section will begin in May, no firm opening date of this section either.
That's good news.Quote: GandlerStraub announced that the Revel Hotel will open by June.
The Casino will reopen as well, however there is no timetable. The Casino floor is being redesigned to be 50% of the previous size.
The name will also be changed, no final name has been decided on yet.
And, no determination on if smoking will be allowed (though based on past performances of nonsmoking experiments I'm AC casinos, it's a very safe bet that it will be).
-Oh and construction of the Water Park section will begin in May, no firm opening date of this section either.
Guy has had multiple plans for Revel since buying. I have very guarded optimism the casino will re-open and he doesn't shift course again.
Quote: mcallister3200My understanding was it was in the process, could be semantics here. How can you apply for something without completing, I don't understand? Fill out only your name on a job application?
Guy has had multiple plans for Revel since buying. I have very guarded optimism the casino will re-open and he doesn't shift course again.
It sounds like the hotel is set in stone for a June opening of the hotel areas. And, the water park is a definite for starting construction in May.
the casino I am assuming he is holding off on a firmer date until the renovations are complete (redesigning the floor to half the size) and also the gaming license is accomplished.
Personally speaking, I am unsure of why he is opening a hotel without the casino or waterpark open yet. Revel is kind of out of the way (yes its on the boardwalk but its way down) so its not a convenient hotel for casual people to just pop in for the night. When he has attractions inside Revel (casino and waterpark) I am sure the hotel will be much busier, but until then I can't imagine people would stay there if the rest of the building is shut down. There is simply nothing to do yet, and the location is not convenient. you could get a cheaper room in a better location at a different boardwalk casino. Even on summer nights, there is usually an abundance of vacant hotels in better locations.
Maybe his only reason to open the hotel so much earlier is to show he is serious about getting Revel running again? (that's just speculation). Or maybe he did massive renovations to the rooms and wants to build hype about how modern and nice it is (again speculation)....
Quote: WizardI wonder if they can heat/air condition only the open floors. Also, what occupancy would they need to break even?
Revel is an extremely modern building so I would be very surprised if they don't have an HVAC system that can do that. However, since the rest of the building is undergoing renovations and other work, there will be workers pretty much everywhere, and I am sure they will need AC or they will swelter in the summer with all of that machinery.
As, for breaking even I have no idea. With all of those outgoing expenses right now with the ongoing renovations, restructuring, and new additions, I imagine it would be very hard to break even at all with just the hotel. And, with all of the hotel competition, I doubt he can charge any large amount of money. Especially since most regular gamblers are going to go to their regular casino where they can easily get free rooms.
And the water park starts construction in May? When will it be finished???
Quote: DJTeddyBearI can see it open without a casino or water park. After all, it is quite a resort. But it will need something more to sustain it.
And the water park starts construction in May? When will it be finished???
There are no firm dates for the water park or casino completion and opening.
How is he going to attract customers to breakeven??
how did straub become a millionaire?
did he inherit a billion $ and make questionable business decisions like this?
or even entering into the Revel quagmire w/o a sound exit plan.
a year later, what's the running total on how much Revel has costs him so far?
Straub is a bit richer than I am so I am hesitant to question his business decisions. Just saying..Quote: 100xOddsopening a hotel b4 the casino or waterpark opens?!
How is he going to attract customers to breakeven??
how did straub become a millionaire?
did he inherit a billion $ and make questionable business decisions like this?
or even entering into the Revel quagmire w/o a sound exit plan.
a year later, what's the running total on how much Revel has costs him so far?
Quote: 100xOddsopening a hotel b4 the casino or waterpark opens?!
How is he going to attract customers to breakeven??
how did straub become a millionaire?
did he inherit a billion $ and make questionable business decisions like this?
or even entering into the Revel quagmire w/o a sound exit plan.
a year later, what's the running total on how much Revel has costs him so far?
Nope, he inherited a car leasing company and BUILT from there. Didn't graduate college, either. Went on to have an asphalt company and then got into real estate. He has the money to go after ideas most would consider ill-advised, but when one of his ideas works, it's huge. He gets such a huge RoI on successful acquisitions that he doesn't need a high success rate.
Quote: 100xOddsopening a hotel b4 the casino or waterpark opens?!
How is he going to attract customers to breakeven??
how did straub become a millionaire?
did he inherit a billion $ and make questionable business decisions like this?
or even entering into the Revel quagmire w/o a sound exit plan.
a year later, what's the running total on how much Revel has costs him so far?
Well he has been extremely successful so far. But, I don't know either how successful the hotel will be without any attractions. It might be a way to build hype and lower the loss until the rest of the building opens.
Quote: GandlerBut, I don't know either how successful the hotel will be without any attractions. It might be a way to build hype and lower the loss until the rest of the building opens.
Revel has the nicest rooms in A.C. Gamblers just wanting a place to stay free don't care, but club kids who are paying for their rooms anyway might. If he gets the club (which did quite well) back open along with the existing pool and maybe another bar- then yes, it might very well be a better deal than keeping it shuttered in the Summer.
At one point the Revel was the most impressive casino I have ever been to.
I have to say any casino opening makes me somewhat happy because that brings potential new opportunities.
Maybe they will do a one million you can't lose promo this time.
Odds they will do a $500 or more LR within 1 year of opening?
Willing to take 10 dollars in action on that one
Quote: AxelWolfJust rumors it will reopen is good news to me.
At one point the Revel was the most impressive casino I have ever been to.
I have to say any casino opening makes me somewhat happy because that brings potential new opportunities.
Maybe they will do a one million you can't lose promo this time.
Odds they will do a $500 or more LR within 1 year of opening?
Some awesome promos would be awesome. But I don't think anything still has been announced.
But, the casino is going to be totally remodeled to be significantly smaller (50%), so it will be a completely different feel now.
However, speaking of promos, a new casino in town will probably force all the others to be competitive, hence when it does open, it would not surprise me if various casinos around town offer some good deals to loyal players. The casino market has been shrinking in AC, so the existing casinos may not be ready for a new casino (they are more prepared for closures than openings), and panic and put out some good offers.
Quote: GandlerStraub announced that the Revel Hotel will open by June.
The Casino will reopen as well, however there is no timetable. The Casino floor is being redesigned to be 50% of the previous size.
The name will also be changed, no final name has been decided on yet.
And, no determination on if smoking will be allowed (though based on past performances of nonsmoking experiments in AC casinos, it's a very safe bet that it will be).
-Oh and construction of the Water Park section will begin in May, no firm opening date of this section either.
Woot name change... New chips. Guess I will have to go back to AC if this comes to fruition.
Go Go Revel..I'm sure I'll be disappointed and it will be nothing like it was before. My favorite casino as far as design.Quote: jerrysnjConsidering he doesn't have a casino license yet I think the casino opening on June 15 is very optimistic. A job fair will need to be held soon for both the hotel and the casino. I wish him nothing but success, it has to help the Taj and Resorts by having another place in that section open.
Quote: jerrysnjConsidering he doesn't have a casino license yet I think the casino opening on June 15 is very optimistic. A job fair will need to be held soon for both the hotel and the casino. I wish him nothing but success, it has to help the Taj and Resorts by having another place in that section open.
Welcome back Jerry! I hope all is well.
Quote: jerrysnjConsidering he doesn't have a casino license yet I think the casino opening on June 15 is very optimistic. A job fair will need to be held soon for both the hotel and the casino. I wish him nothing but success, it has to help the Taj and Resorts by having another place in that section open.
That is for the hotel only. Not the casino and waterpark.
Quote: WizardofnothingWalked by revel this morning.... Cranes and lot of construction going on
You practically walked by me this morning and didn't even say hello!
Yeah, I know, it would help if we knew each others faces.
Anyone for rope climbing?
Are we still talking about GWAE's front porch? Or did I get lost again?Quote: jerrysnjI haven't been there to see it but he is removing the stone wall that was on the boardwalk front and putting in a sand beach sitting area and a two story ropes course. The porte- cohere is being moved to underground.
Anyone for rope climbing?
NVM.Quote: darkoz
Yeah, I know, it would help if we knew each others faces.
http://philadelphia.cbslocal.com/2016/05/19/after-bankruptcy-the-revel-resort-is-ready-for-rebirth/
Quote: WizardofnothingGetting close to opening
/2016/05/19/after-bankruptcy-the-revel-resort-is-ready-for-rebirth/
Any idea what they meant by bicycle course in the parking deck ? Would be cool if you could take an elevator to the top and just coast down all the floors.
But crazy
http://www.forbes.com/sites/forbestreptalks/2016/04/12/glenn-straub-explains-why-hes-gambling-on-atlantic-city-and-what-you-should-know-about-donald-trump/#4c5b8eeb5be3
Well I was going to post a link to the story but the rules says I cant.... that makes a lot of sense.
I guess u can Google it and read the story
Quote: HomelessnycWell that didn't go as planned:
Well I was going to post a link to the story but the rules says I cant.... that makes a lot of sense.
I guess u can Google it and read the story
That's not what the rules state. It says you shouldn't COPY the story. Links are fine.
Quote: DJTeddyBearThat's not what the rules state. It says you shouldn't COPY the story. Links are fine.
No when I posted it removed the link and said I need to have 20 post to post links
Quote: DJTeddyBearOh. You were blocked by the anti-spam/robot rule.
Sadly :'(
Quote: SanchoPanzaHow about some real news about the place, seeing as how the deadline was pure BS. Are the permits and contracts in place, or is that all pure BS, too? Any hint of a new deadline (by Christmas maybe)?
They can get a certificate of occupancy as soon as tomorrow (Thursday June 16th), city officials are currently inspecting it. When that happens they can officially open the hotel to guests. As far as gaming, no real time table.
No casino.
No alcohol.
No fun.
And nothing with any name.Quote: BasesLoadedThe way I read the news was that the hotel and some restaurants would be open.
No casino.
No alcohol.
No fun.
Hell of a way to run multimillion-dollar consumer business.
Let's see if this will work.
The link works fine, thank you. But it seems like SOS. And articles don't go near questions like labor and service and supply contracts. Not to mention what's the name of the place going to be. Seems to be an awful lot of fumbling going on.Quote: MrsHeartRNhttp://www.philly.com/philly/news/new_jersey/20160614_ap_60560fc1e8b945c994bf35b31d5664d5.html
Let's see if this will work.
Quote: TwoFeathersATLWhat's the status on Hookers and Blow?
Hooked and blow have been there theat 18 months. Use the north door, knock 6 times, and password is snookems.
