Gandler
Gandler
Joined: Jan 27, 2014
  • Threads: 31
  • Posts: 1413
January 20th, 2016 at 12:44:01 PM permalink
Straub 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.
Last edited by: Gandler on Jan 20, 2016
AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 144
  • Posts: 18091
January 20th, 2016 at 1:39:20 PM permalink
Quote: Gandler

Straub 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.

That's good news.
♪♪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♪♪
mcallister3200
mcallister3200
Joined: Dec 29, 2013
  • Threads: 15
  • Posts: 2191
January 20th, 2016 at 1:41:00 PM permalink
My understanding is that Straub hasn't even applied for a gaming license yet. Will believe it when it happens.
Wizardofnothing
Wizardofnothing
Joined: Jul 3, 2015
  • Threads: 121
  • Posts: 3493
January 20th, 2016 at 2:09:24 PM permalink
He applied just hasn't completed it yet... Also I believe he has a key holder on the payroll already
No longer hiring, donít ask because I wonít hire you either
mcallister3200
mcallister3200
Joined: Dec 29, 2013
  • Threads: 15
  • Posts: 2191
January 20th, 2016 at 3:34:11 PM permalink
My 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.
Gandler
Gandler
Joined: Jan 27, 2014
  • Threads: 31
  • Posts: 1413
January 20th, 2016 at 5:26:15 PM permalink
Quote: mcallister3200

My 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)....
darkoz
darkoz
Joined: Dec 22, 2009
  • Threads: 229
  • Posts: 6616
January 20th, 2016 at 6:39:16 PM permalink
I'm sure he just wants to open that portion that is ready so he can start making some return on his investment. Even if he doesn't fill to capacity, some income is better than a hotel just sitting there. If he offers competitive rates with other casinos he may get those people who don't have comped rooms.
For Whom the bus tolls; The bus tolls for thee
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1317
  • Posts: 21613
January 20th, 2016 at 6:54:08 PM permalink
I wonder if they can heat/air condition only the open floors. Also, what occupancy would they need to break even?
It's not whether you win or lose; it's whether or not you had a good bet.
Gandler
Gandler
Joined: Jan 27, 2014
  • Threads: 31
  • Posts: 1413
January 20th, 2016 at 7:05:28 PM permalink
Quote: Wizard

I 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.
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
  • Threads: 178
  • Posts: 10176
January 20th, 2016 at 9:13:07 PM permalink
I 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???
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗

  • Jump to: