Revel Facing Bankruptcy?
August 14th, 2012 at 10:28:58 AM
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"July was another bleak month at Atlantic City’s casinos,
with total gaming revenues coming in at $308.2m, down
9.5% from the previous year. Slots revenue was off 8.9%
while table games fell 11%...Revel, saw revenues rise from
$14.9m in June to $17.5m in July, but that was only good
enough for eighth place out of 12."
"Even more worrisome, Wall Street analysts had projected
that the $2.4b Revel would need to generate $25m to $30m
every month just to keep the lights on and keep up the
payments on its bonds. With the (supposedly) lucrative summer
season almost over, time is running out if Revel hopes to stave
off a shockingly early bankruptcy.
Atlantic City has a sucktastic July as regional alternatives grow
Steven Stradbrooke
August 11, 2012
with total gaming revenues coming in at $308.2m, down
9.5% from the previous year. Slots revenue was off 8.9%
while table games fell 11%...Revel, saw revenues rise from
$14.9m in June to $17.5m in July, but that was only good
enough for eighth place out of 12."
"Even more worrisome, Wall Street analysts had projected
that the $2.4b Revel would need to generate $25m to $30m
every month just to keep the lights on and keep up the
payments on its bonds. With the (supposedly) lucrative summer
season almost over, time is running out if Revel hopes to stave
off a shockingly early bankruptcy.
Atlantic City has a sucktastic July as regional alternatives grow
Steven Stradbrooke
August 11, 2012
"It's not called gambling if the math is on your side."
August 14th, 2012 at 10:37:42 AM
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Care to share the source of this info?
While you're at it, you might want to remove the stuff you copied. But that may be the entire post....
While you're at it, you might want to remove the stuff you copied. But that may be the entire post....
I invented a few casino games. Info:
http://www.DaveMillerGaming.com/ —————————————————————————————————————
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
August 14th, 2012 at 10:45:13 AM
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Quote: DJTeddyBearCare to share the source of this info?
While you're at it, you might want to remove the stuff you copied. But that may be the entire post....
The EvenBob daily Free Press.
August 14th, 2012 at 10:46:34 AM
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Quote: DJTeddyBearCare to share the source of this info?
While you're at it, you might want to remove the stuff you copied. But that may be the entire post....
I thought I did. You can quote an article as long
as you include a link to it. You want me to find
50 examples so you know for sure thats true?
"It's not called gambling if the math is on your side."
August 14th, 2012 at 10:54:34 AM
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The first thing to go will be their non smoking policy.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
August 14th, 2012 at 10:56:49 AM
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Thought wrong.Quote: EvenBobI thought I did. You can quote an article as long
as you include a link to it
When I first saw your post, there was no link.
And you can only quote SMALL portions of an article....
I invented a few casino games. Info:
http://www.DaveMillerGaming.com/ —————————————————————————————————————
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
August 14th, 2012 at 11:24:38 AM
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Quote: DJTeddyBear
And you can only quote SMALL portions of an article....
It was my first post of the day, I was in a hurry
and thought I had included the link.
AP recently went thru this, with how much of
one of their articles can be quoted even if you
provide a link to the article. A Cambridge law
professor said AP can set all the guidelines
they like, the only legal test in court is if the
excerpt quoted caused financial harm to the
the owner. This is almost impossible to prove
and AP admitted it probably won't be suing
anybody.
"Fair Use is a limitation and exception to the
exclusive right granted by copyright law to
the author of a creative work. In United States
copyright law, fair use is a doctrine that permits
limited use of copyrighted material without
acquiring permission from the rights holders."
If this sounds fuzzy, its meant to be. As long as
you give credit for where you got it, you can pretty
much quote what you want, within reason.
"It's not called gambling if the math is on your side."
August 14th, 2012 at 12:54:46 PM
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Time 'running out' for Atlantic City's Revel casino
And that no smoking thing sounded like such a
good idea on paper. Bogata brought in $54mil
in July. Maybe the Revel brass should take a
notebook and wander around Borgata and see
what they're doing right..
And that no smoking thing sounded like such a
good idea on paper. Bogata brought in $54mil
in July. Maybe the Revel brass should take a
notebook and wander around Borgata and see
what they're doing right..
"It's not called gambling if the math is on your side."
August 14th, 2012 at 1:04:40 PM
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In the dead of winter, when there are no tourists to be found, the locals will all be down beach at the Atlantic Club.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
August 14th, 2012 at 2:44:56 PM
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Somebody PLEASE PM me once Revel puts their Craps tables up for sale...
Craps is the most "Jekyll and Hyde" casino game ever invented!
August 14th, 2012 at 5:54:25 PM
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Quote: 1BBThe first thing to go will be their non smoking policy.
The Wizard will not like that... he's got a bet with Bob Dancer that the non-smoking policy will last.
As for Revel, why is this a surprise to anybody? Most gamblers on here recognized the concept would never work in Atlantic City, and Revel was too late to the party. If AC was Las Vegas, then the concept would work, but Borgata is still a casino first, then everything else second. I noticed my offers to Revel were not nearly as generous this last month.
My thought still stands that Penn will come in and swoop up the property in a fire sale to convert it to a Hollywood.
"One out of every four people are [morons]"- Kyle, South Park
August 14th, 2012 at 6:01:17 PM
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It's getting so that a casino these days is a resounding ssuccess if it doesn't go into bankruptcy in its first year of operations.
Thank you, Barack Obama.
Thank you, Barack Obama.
Donald Trump is a fucking criminal
August 14th, 2012 at 6:12:52 PM
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Quote: NareedIt's getting so that a casino these days is a resounding ssuccess if it doesn't go into bankruptcy in its first year of operations.
Thank you, Barack Obama.
With all due respect, that is a gross overstatement of the problem...
Revel was doomed before it even opened. Just because a casino goes bankrupt doesn't necessarily mean that there's a problem. I know that sounds really funny, but bankruptcy could just mean a management structure change is needed and restructuring of finances. The problem with Revel is that they are using a bad structure that will be nearly impossible to change given the clientele they are going after. The customers speak with their wallets on the tables; right now, they aren't talking at all, since nobody is playing there.
Our country is funny: on the one hand, businesses aren't responsible for their actions if bankruptcy is an option, and on the other hand, it's great we live in a country that allows businesses to learn from mistakes. In Revel's case, it was very short-sighted on their part to think you can be in the nightclub business successfully at Boardwalk prices. There's a reason that property is the most expensive in Monopoly!
"One out of every four people are [morons]"- Kyle, South Park
August 14th, 2012 at 6:18:50 PM
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I wonder if my trip reports helped or hurt
August 14th, 2012 at 6:42:34 PM
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deleted
DUHHIIIIIIIII HEARD THAT!
August 14th, 2012 at 6:56:53 PM
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Quote: IbeatyouracesDamn those card counters cutting into the casinos profits.
Be careful of calling me a card counter - you may incur the wrath of some others on the forum who dismiss my casino trips as "variance" fueled.
August 14th, 2012 at 6:58:53 PM
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deleted
DUHHIIIIIIIII HEARD THAT!
August 14th, 2012 at 7:05:49 PM
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Read these:Quote: EvenBobI thought I did. You can quote an article as long as you include a link to it. You want me to find 50 examples so you know for sure thats true?
Online Copyrigght Infringement Liability Limititaiton Act (Wiki)
Righthave Extends Copyright Lawsuit Campaign.
Climate Casino: https://climatecasino.net/climate-casino/
August 14th, 2012 at 7:14:03 PM
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Quote: teliot
Only one made it to court and Righthaven lost. What
does that tell you?
"It's not called gambling if the math is on your side."
August 14th, 2012 at 7:22:32 PM
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I was in Atlantic City last weekend. I did not go to Revel although I did make it to the Showboat which is next door. Nor did I go to the Pro Bar but that's because it was raining neutered boardwalk cats.
This trip, I tried to keep my wanderings to the Southwest side of the boardwalk. I like the ACH even though it's tiny but I think I have found a new appreciation for the Tropicana. The Trop has a Vegas style shopping mall through it that made it feel Vegasie. I found that to be refreshing.
I did not visit any Trumps.
Next month, I'm going to stay at Harrah's Marina and I'll be wandering through a moterized boat and yacht show at the Golden Nugget next door. I haven't been to the GN since a week after the takeover from Trump. I hope it's been improved, I know that they threw a lot of money at it.
This trip, I tried to keep my wanderings to the Southwest side of the boardwalk. I like the ACH even though it's tiny but I think I have found a new appreciation for the Tropicana. The Trop has a Vegas style shopping mall through it that made it feel Vegasie. I found that to be refreshing.
I did not visit any Trumps.
Next month, I'm going to stay at Harrah's Marina and I'll be wandering through a moterized boat and yacht show at the Golden Nugget next door. I haven't been to the GN since a week after the takeover from Trump. I hope it's been improved, I know that they threw a lot of money at it.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
August 14th, 2012 at 7:37:46 PM
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Quote: TiltpoulWith all due respect, that is a gross overstatement of the problem...
Oh, absolutely. But do you know a sound-bite that isn't?
Donald Trump is a fucking criminal
August 14th, 2012 at 7:58:13 PM
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Quote: NareedOh, absolutely. But do you know a sound-bite that isn't?
I just laughed so loud that the guy in the next room at my hotel pounded on the wall:-)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
August 14th, 2012 at 8:32:58 PM
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Quote: s2dbakerI haven't been to the GN since a week after the takeover from Trump. I hope it's been improved, I know that they threw a lot of money at it.
That wasn't so difficult. Landry got it at roughly 10 cents on the original construction dollar.
August 14th, 2012 at 8:38:26 PM
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Quote: rdw4potusI just laughed so loud that the guy in the next room at my hotel pounded on the wall:-)
Hm. Maybe I should write political ad copy, or political satire (if there's a difference at all).
Donald Trump is a fucking criminal
August 14th, 2012 at 8:52:13 PM
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There is indeed a difference Political ad copy pays better.
August 15th, 2012 at 10:52:42 AM
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Quote: SanchoPanzaThat wasn't so difficult. Landry got it at roughly 10 cents on the original construction dollar.
And that's exactly what Revel will sell for... big difference is the Marina property has been around for a few more years than Revel when it sells at a bargain-basement price. I'm curious if Penn would even want the property, but at 10% they probably couldn't afford to pass it up.
"One out of every four people are [morons]"- Kyle, South Park
August 15th, 2012 at 11:27:56 AM
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Dont forget the taxpayers of NJ are on the hook for a lot of money when Christie made one of his few (OK, my opinion) mistakes backing this place. If you read the TA reviews and other reviews you will see they have no chance come fall when AC always drops off. This guy running it thought people would just fight to gamble in his casino and he didnt need to do anything other than open the doors. Now he is making huge offers via direct mail to people who have never signed up, but are on an AC Players list he found. Someone will buy it for pennies on the dollar and I would not be shocked if it is PNG since I dont think CET or the MGM/Boyd group wants another AC property.
August 15th, 2012 at 11:28:40 AM
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If yoy recall, so did the Donald. Atlantic City wouldn't issue a gambling license to Hilton.Quote: SanchoPanzaThat wasn't so difficult. Landry got it at roughly 10 cents on the original construction dollar.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
August 15th, 2012 at 11:29:27 AM
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Quote: SanchoPanzaThat wasn't so difficult. Landry got it at roughly 10 cents on the original construction dollar.
Waikoloa Village (62 acres) 1,240 luxury guest rooms & suites, began construction in 1986 at the height of the Japanese real estate boom. The resort copied The Bellagio (opened 1998) by having expensive original artwork in the public hallways. The rooms were connected by a mini-train and/or a cable pullled boats. At the time it was owned by Hyatt and was the single most expensive resort in the world ($360 million). After the Japanese crash, it sold for roughly 10% of the construction dollar, and is now operated by Hilton.
At the time, I was horrified that a resort could crash that hard in only a few years, so that it would lose 90% of it's value. Especially one that cost $300K per room. Who would have suspected that a sour investment like that would become commonplace.
August 15th, 2012 at 2:24:47 PM
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Quote: s2dbakerIf yoy recall, so did the Donald. Atlantic City wouldn't issue a gambling license to Hilton.
Yes, the Korshak problem, which has apparently stayed around. But the original cost was in the $300 millions, and the Donald paid something in the ballpark:
COMPANY NEWS; Trump Castle Bid by Hilton
Published: July 19, 1991
The Hilton Hotels Corporation made a $165 million bid yesterday to buy back the heavily indebted Trump Castle Casino in Atlantic City, which it had sold to Donald J. Trump for about $320 million in 1985. The offer, which was made to Trump Castle Associates with notification to principal creditors, was roundly rejected by Mr. Trump. "It's not for sale and it won't be for sale, because we think it's got a great future," Mr. Trump said.
Mr. Trump and his top executives are negotiating a restructuring of the high-yield "junk bond" debt of the Castle. The plan must be presented to New Jersey's gaming regulators by July 31. The casino failed to make a $41.1 million bond payment due last month.
August 15th, 2012 at 5:09:17 PM
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Chip Collectors Also Take Note.
Some people need to reimagine their thinking.
August 15th, 2012 at 5:20:48 PM
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I may be headed there this weekend if I can convince my wife that her car is not one of the ones that failed the crash test. It's not.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
August 15th, 2012 at 5:22:02 PM
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Quote: 98ClubsChip Collectors Also Take Note.
I don't think I've shared my Revel chip collection story. Here's it is:
I sat down & gave my club card. It sat on the corner of the table. For 47 minutes, it sat on the corner of the table. for about 40 of those 47 minutes, the Floor supervisor watched baseball on the TV overhead. I finally gave up and reached for my card. I was told that it'd have to be handed back to me by the Floor. When she came over, she said "leaving already?" I said "it's been 45 minutes." She said "sorry, I was busy." I said "I could clearly see what you were doing, and that wasn't work." she said "I don't like your tone." I said "it doesn't matter. I'll never be back."
If that's what they're doing every day, they're totally doomed. Well, ok, so they were doomed for sure. But they'll die faster this way.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
August 15th, 2012 at 6:19:11 PM
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Quote: rdw4potusshe said "I don't like your tone."
Isn't that what they call "local charm"? ;)
Donald Trump is a fucking criminal
August 15th, 2012 at 6:21:30 PM
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Quote: NareedIsn't that what they call "local charm"? ;)
LOL. That may be the case:-)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
August 15th, 2012 at 6:43:48 PM
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Quote: NareedIsn't that what they call "local charm"? ;)
"Ya' cahd? Ya' want me to swipe ya' cahd? Whatcha' buyin' in fah, five-hundred? Puhhhleeaaasseee, I spend mah dan dat tannin' every month! Cindy, he wanted me to swipe his cahd fah a five-hundred buy-in, how 'bout dat?"
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
August 15th, 2012 at 8:17:22 PM
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Quote: rdw4potusI don't think I've shared my Revel chip collection story. Here's it is:
I sat down & gave my club card. It sat on the corner of the table. For 47 minutes, it sat on the corner of the table. for about 40 of those 47 minutes, the Floor supervisor watched baseball on the TV overhead. I finally gave up and reached for my card. I was told that it'd have to be handed back to me by the Floor. When she came over, she said "leaving already?" I said "it's been 45 minutes." She said "sorry, I was busy." I said "I could clearly see what you were doing, and that wasn't work." she said "I don't like your tone." I said "it doesn't matter. I'll never be back."
If that's what they're doing every day, they're totally doomed. Well, ok, so they were doomed for sure. But they'll die faster this way.
Yep basically the same thing happened with me, except I wasn't patient enough to wait 45 minutes. PGP kicked my ass quickly and 15 minutes with no acknowledgement of my card pissed me off.
"One out of every four people are [morons]"- Kyle, South Park
August 15th, 2012 at 8:21:06 PM
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Anyone going there this weekend, next weekend or Labor Day weekend?
August 24th, 2012 at 2:38:14 PM
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More bad news for Revel, as they continue to spin
round and round in the toilet bowl waiting for the
flush to complete itself. Moody's has dropped Revel's
credit rating. Now Revel is trying to borrow $100mil
just to stay open thru the winter.
"Revel’s initial business model of establishing itself as a resort first and a casino second has clearly bitten them in the ass. We said that the rationale would have been much more acceptable if the overall state of business in Atlantic City was flourishing. But it’s not and it hasn’t been for quite some time now."
round and round in the toilet bowl waiting for the
flush to complete itself. Moody's has dropped Revel's
credit rating. Now Revel is trying to borrow $100mil
just to stay open thru the winter.
"Revel’s initial business model of establishing itself as a resort first and a casino second has clearly bitten them in the ass. We said that the rationale would have been much more acceptable if the overall state of business in Atlantic City was flourishing. But it’s not and it hasn’t been for quite some time now."
"It's not called gambling if the math is on your side."
August 24th, 2012 at 4:15:13 PM
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I was there last weekend. I went into the the Ultra Lounge several times on Sunday and Monday and it was empty. I mean not one player.
I asked the pit boss what time they opened and he was not amused.
I asked the pit boss what time they opened and he was not amused.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
August 24th, 2012 at 4:19:30 PM
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Quote: EvenBobMore bad news for Revel, as they continue to spin
round and round in the toilet bowl waiting for the
flush to complete itself. Moody's has dropped Revel's
credit rating. Now Revel is trying to borrow $100mil
just to stay open thru the winter.
"Revel’s initial business model of establishing itself as a resort first and a casino second has clearly bitten them in the ass. We said that the rationale would have been much more acceptable if the overall state of business in Atlantic City was flourishing. But it’s not and it hasn’t been for quite some time now."
You will have to wait for Revel's funeral.
They got additional 70 million.
http://www.delawareonline.com/viewar...news|text|Home
August 24th, 2012 at 5:14:04 PM
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Quote: Bhappy
Link is not working
"It's not called gambling if the math is on your side."
August 24th, 2012 at 5:37:55 PM
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We're going to AC in Sept, and we've been getting room offers from Revel but don't have September's yet. I called looking for 3 rooms for 2 nights, and the operator was unhelpful. I called Borgata, and that's where we're going. 3 rooms, 2 in the Water Club tower and one in the Borgata tower.
A falling knife has no handle.
August 24th, 2012 at 6:19:36 PM
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Quote: pacomartinQuote: EvenBob"Revel’s initial business model of establishing itself as a resort first and a casino second has clearly bitten them in the ass. We said that the rationale would have been much more acceptable if the overall state of business in Atlantic City was flourishing. But it’s not and it hasn’t been for quite some time now."
I wonder if these places have any sort of business model. Once government money backs up the construction, it seems as if paying the mortgage isn't even part of the calculation.
Allentown PA is trying to get a minor league hockey team called the Adrindocks Phantoms: see Phantoms Ticket Prices (top season tickets are $790). They are currently playing in a venue that costs $3m to build 33 years ago. Allentown is spending more than most cities spend on professional basketball arena to build a hockey arena. Finance costs will be $15.3 million per year for an 8500 seat arena. Even if you get $1000 per seat in revenue, that is $8.5 million per year. That is before you have paid any team expenses or salaries. What kind of business plan can accomodate that shortfall? Ten thousand dollar pizzas?
Wilkes-Barre built our arena with 100% private money, and it has been a godsend to the area. The key is keeping it filled with events and filled with people, and the management here is great at doing both. The place turns a decent profit, and is crucially important to our quality of life. Stuff happens there, people go there, it's great.
A falling knife has no handle.
August 24th, 2012 at 7:22:29 PM
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Whoa. WAAAAAAAY too much.
Back to Revel: While I was fishing for room offers, I mentioned that I had a couple rooms at Borgata; the operator said, "Oh, it's nice over there, that's a nice hotel." So I called there and booked it.
Back to Revel: While I was fishing for room offers, I mentioned that I had a couple rooms at Borgata; the operator said, "Oh, it's nice over there, that's a nice hotel." So I called there and booked it.
A falling knife has no handle.
August 24th, 2012 at 8:06:11 PM
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Quote: pacomartinI said the same thing when Goldman Sachs bought the Stratosphere and three other casino properties for $1.3 billion. What possible scenario were you imagining where these decrepit properties could pay back that kind of investment? Shortly afterwards, the US government had to bail out GS.
Wait a sec...
Goldman Sachs????
Weren't they one of the original investors / developers of Revel?
I invented a few casino games. Info:
http://www.DaveMillerGaming.com/ —————————————————————————————————————
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
August 24th, 2012 at 8:18:18 PM
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Sorry to derail but it was already done in this thread and I am a writer and especially sensitive to this...
Bob, it is a copyright violation to copy/paste someone's article even if you link to it. Righthaven lost their lawsuits for two reasons. In one case the judge ruled a non profit organization could copy/paste their work to further their non profit cause, especially because the specific article was not considered creative as it was an outline of facts. Other Righthaven losses included someone copying 4 paragraphs of a 34 paragraph article which anyone should know would be fair use.
In the end, Righthaven lost because their copyright agreement with the Denver Post and LVRJ turned out to be a sham because the agreement did not give Righthaven 100% rights to the articles, only the right to sue, which was found to not be a valid copyright. Keep in mind forum posters were among the people that were getting sued, not just site owners. The premise of the suits was mostly correct but Righthaven did not have a valid copyright so their suits got tossed. To be safe, never copy more than 25% of an article and then link to the rest.
As for Revel, how could anyone have thought this was a good idea? If they start allowing smoking then they may alienate the people that specifically go there because it is non smoking and just completely implode. I also wonder if the casino has the type of air systems others have to filter the smoke. I would suspect that would be an added expense since they would have had no reason to install them at construction. Since AC has a 25% max smoking rule (although I guess this gets widely ignored?) maybe they could open up just some of the floor to it.
Bob, it is a copyright violation to copy/paste someone's article even if you link to it. Righthaven lost their lawsuits for two reasons. In one case the judge ruled a non profit organization could copy/paste their work to further their non profit cause, especially because the specific article was not considered creative as it was an outline of facts. Other Righthaven losses included someone copying 4 paragraphs of a 34 paragraph article which anyone should know would be fair use.
In the end, Righthaven lost because their copyright agreement with the Denver Post and LVRJ turned out to be a sham because the agreement did not give Righthaven 100% rights to the articles, only the right to sue, which was found to not be a valid copyright. Keep in mind forum posters were among the people that were getting sued, not just site owners. The premise of the suits was mostly correct but Righthaven did not have a valid copyright so their suits got tossed. To be safe, never copy more than 25% of an article and then link to the rest.
As for Revel, how could anyone have thought this was a good idea? If they start allowing smoking then they may alienate the people that specifically go there because it is non smoking and just completely implode. I also wonder if the casino has the type of air systems others have to filter the smoke. I would suspect that would be an added expense since they would have had no reason to install them at construction. Since AC has a 25% max smoking rule (although I guess this gets widely ignored?) maybe they could open up just some of the floor to it.
August 24th, 2012 at 8:24:48 PM
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Quote: PokeraddictTo be safe, never copy more than 25% of an article and then link to the rest.
.
I copied part of a paragraph from a 10 paragraph
article. Well within the 'fair use' guidelines. Settle
down..
"It's not called gambling if the math is on your side."
August 24th, 2012 at 9:30:38 PM
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Quote: EvenBobLink is not working
try this one
http://www.njherald.com/story/19353145/union-wants-nj-to-probe-struggling-revel-finances
or this one
http://www.delawareonline.com/viewart/20120823/NEWS02/120823028/Atlantic-City-s-Revel-secures-new-credit?odyssey=tab|topnews|text|Home
August 24th, 2012 at 9:38:06 PM
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Quote: Bhappytry this one
http://www.njherald.com/story/19353145/union-wants-nj-to-probe-struggling-revel-finances
Just more debt to bury them. Its amazing how casinos
can always find people to throw good money after bad
investments. Its because people think casinos can't fail.
"It's not called gambling if the math is on your side."
