Revel to close in 2 months if no buyer found
June 19th, 2014 at 1:48:33 PM
permalink
Revel Story
ZCore13
ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
June 19th, 2014 at 2:03:36 PM
permalink
Worth only 25 to 75 Million? WOW! My new beach house.Quote: Zcore13Revel Story
ZCore13
♪♪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♪♪
June 19th, 2014 at 2:24:32 PM
permalink
But according to reports on this forum, Revel was already confirmed to be sold to both Hard Rock and Tropicana.
How can this be?
How can this be?
June 19th, 2014 at 2:25:47 PM
permalink
Quote: AxelWolfWorth only 25 to 75 Million? WOW! My new beach house.Quote: Zcore13Revel Story
ZCore13
Makes no sense to me. The building alone has to be worth 10 times that.
June 19th, 2014 at 2:46:03 PM
permalink
Quote: sodawaterBut according to reports on this forum, Revel was already confirmed to be sold to both Hard Rock and Tropicana.
How can this be?
especially since everything AOS says is truthful.
I really hope they figure this mess out. It is such ashame that AC never grew to its potential.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
June 19th, 2014 at 4:13:42 PM
permalink
Sports betting coming they say the first week of the NFL. If that happens, Atlantic City will be on the way up rolling in revenue.
I am a robot.
June 19th, 2014 at 5:05:07 PM
permalink
Quote: sodawaterQuote: AxelWolfWorth only 25 to 75 Million? WOW! My new beach house.Quote: Zcore13Revel Story
ZCore13
Makes no sense to me. The building alone has to be worth 10 times that.
Something is only worth what someone will pay for it. It's definitely not worth 10 times either of those figures. If it sells it's going to be someone looking for a steal. If you're going to spend a billion plus it's probably not going to be on a failing business.
ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
June 19th, 2014 at 5:14:06 PM
permalink
I'd like to see some business get these places who can benefit from cross marketing. Say Tempurpedic or some other business. There's lots of potential and I can't see why Atlantic Club wasn't taken by one of these businesses for the price required and potential benefits. Even bankrupt Hostess could have afforded ACH just to push Twinkies! So much potential unrealized.Quote: Zcore13Quote: sodawaterQuote: AxelWolfWorth only 25 to 75 Million? WOW! My new beach house.Quote: Zcore13Revel Story
ZCore13
Makes no sense to me. The building alone has to be worth 10 times that.
Something is only worth what someone will pay for it. It's definitely not worth 10 times either of those figures. If it sells it's going to be someone looking for a steal. If you're going to spend a billion plus it's probably not going to be on a failing business.
ZCore13
I am a robot.
June 19th, 2014 at 5:33:11 PM
permalink
The shame is the ignorance and craven arrogance of all the governments and companies involved in the industry. TJM has to be preparing its bid as we speak.Quote: GWAEIt is such a shame that AC never grew to its potential.
June 19th, 2014 at 6:01:37 PM
permalink
Staffed cabbage was good at old Hilton. I hope new owners will reopen the same restourants. None of nearby racinos stand a chance when it comes to AC comparison. Revel should change it's tactics. It will never get the things going by thinking only about the bottom line. Someone who knows gambling and how to beat the games should be in charge. These CEOs are college trained, you need someone like Binnion or Winn, or Loughlin.
June 19th, 2014 at 6:16:47 PM
permalink
I wonder how a self-deprecating promo would work.
Things like "The grand prize is two free nights at the Revel! The second prize is five free nigths at the Revel!"
Probably not too well. But they should hire a comedian to do an act based on such things ("of course I demanded first class accomodations...at Caesars.")
Things like "The grand prize is two free nights at the Revel! The second prize is five free nigths at the Revel!"
Probably not too well. But they should hire a comedian to do an act based on such things ("of course I demanded first class accomodations...at Caesars.")
Donald Trump is a fucking criminal
June 19th, 2014 at 6:45:56 PM
permalink
I think Bob Dancer said something along the lines that he tried to educate the Revel about the loss rebate and AP's with the excuse he wanted to see it succeed. How did that work out? AP lost out on god knows how much. This also caused a ton of bad press, lawsuits etc etc. Obviously this was not the only reason for them to fail.
I think there is a lesson in here somewhere.
I think there is a lesson in here somewhere.
♪♪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♪♪
June 19th, 2014 at 7:01:44 PM
permalink
Quote: AxelWolfI think Bob Dancer said something along the lines that he tried to educate the Revel about the loss rebate and AP's with the excuse he wanted to see it succeed. How did that work out? AP lost out on god knows how much. This also caused a ton of bad press, lawsuits etc etc. Obviously this was not the only reason for them to fail.
I think there is a lesson in here somewhere.
But there are two different things at play here. One is the stupidity of them offering such a promo in the first place, and the other is the stupidity of going back on their word.
Educating them before they offered it probably would have helped them succeed. Doing it after the fact is like closing the barn door after whatever you keep in a barn escapes.
June 19th, 2014 at 7:09:03 PM
permalink
I used to play in Resort's, Bally's, Caeaser's, Showboat, Trump Marina and the Claridge early on in their careers ('77-'87). MHO is that AC was just such a crack-palace dump, that nothing was gonna fix it. I did not envision the White Knight of Gaming tossing coin at the problem, and the political see didn't toss coin either.
In fairness, IMHO AC turned out to be the Gaming experiment. People like to gamble, and there was a need to put such an area on the E. Coast, I mean it just looked smart in those days. Fast-forward, and CT, PA, DE, and NY get into the act, and its a crusher... for all parties. Look at CT, that got big coin in the 90's up to about '06. The pie-slice is shrinking as more slices are needed. I am reminded of an old Microsoft adage ,"First adopters must die".
In fairness, IMHO AC turned out to be the Gaming experiment. People like to gamble, and there was a need to put such an area on the E. Coast, I mean it just looked smart in those days. Fast-forward, and CT, PA, DE, and NY get into the act, and its a crusher... for all parties. Look at CT, that got big coin in the 90's up to about '06. The pie-slice is shrinking as more slices are needed. I am reminded of an old Microsoft adage ,"First adopters must die".
Some people need to reimagine their thinking.
June 19th, 2014 at 7:22:05 PM
permalink
Quote: onenickelmiracleI'd like to see some business get these places who can benefit from cross marketing. Say Tempurpedic or some other business. There's lots of potential and I can't see why Atlantic Club wasn't taken by one of these businesses for the price required and potential benefits. Even bankrupt Hostess could have afforded ACH just to push Twinkies! So much potential unrealized.Quote: Zcore13Quote: sodawaterQuote: AxelWolfWorth only 25 to 75 Million? WOW! My new beach house.Quote: Zcore13Revel Story
ZCore13
Makes no sense to me. The building alone has to be worth 10 times that.
Something is only worth what someone will pay for it. It's definitely not worth 10 times either of those figures. If it sells it's going to be someone looking for a steal. If you're going to spend a billion plus it's probably not going to be on a failing business.
ZCore13
Cigarette and Alcohol companies would cater AC regulars the most lol
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
June 19th, 2014 at 7:32:00 PM
permalink
Quote: NareedI wonder how a self-deprecating promo would work.
Things like "The grand prize is two free nights at the Revel! The second prize is five free nigths at the Revel!"
Third prize is the Revel itself.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
June 19th, 2014 at 7:40:03 PM
permalink
Quote: WizardQuote: NareedI wonder how a self-deprecating promo would work.
Things like "The grand prize is two free nights at the Revel! The second prize is five free nigths at the Revel!"
Third prize is the Revel itself.
BA-ZINGA !
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
June 19th, 2014 at 8:46:53 PM
permalink
Revel now, Laughlin Casinos are coming next. With the addition of legalized gambling in California and Arizona and of course Las Vegas nearby, you'll start seeing some folding or selling in Laughlin real soon.
ZCore13
ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
June 19th, 2014 at 8:50:08 PM
permalink
Bobdancer informed the revel because he wanted to look smart and get hired by them to teach classes that is the only reason. Good job bob
The bet will not be paid- not now not ever
June 19th, 2014 at 9:23:18 PM
permalink
I wonder how much apple pie the new buyers will inherit from revel?
Also anyone selling their beach towels
Also anyone selling their beach towels
"Man Babes" #AxelFabulous
June 19th, 2014 at 9:32:53 PM
permalink
I've been hired to save them. 4:5 bj and 2500 royal 5/5 video poker everywhere starting monday. Change machines will change your money into thin air(with free fragrance).
I am a robot.
June 19th, 2014 at 9:38:42 PM
permalink
Revel just mailed me an offer for a free salad bowl and a MYSTERY GRAB-BAG.
I wonder if the grab-bag is filled with shredded bankruptcy documents.
I wonder if the grab-bag is filled with shredded bankruptcy documents.
June 19th, 2014 at 9:55:31 PM
permalink
The grab bag might actually be cool. I got those before filled with extra inventory of all kinds of stuff I actually liked.Quote: sodawaterRevel just mailed me an offer for a free salad bowl and a MYSTERY GRAB-BAG.
I wonder if the grab-bag is filled with shredded bankruptcy documents.
I am a robot.
June 19th, 2014 at 10:43:07 PM
permalink
Quote: onenickelmiracleThe grab bag might actually be cool. I got those before filled with extra inventory of all kinds of stuff I actually liked.
I suspect the Grab Bag actually has more interesting stuff since everybody would assume they're junk and wouldn't bother going out of their way to pick it up.
(...Like the last scratch-off promo I got. 500$FP, and I didn't bother because I didn't feel like walking across the parking lot in 100+ weather, damn it...)
June 20th, 2014 at 9:13:16 AM
permalink
AC jobs were going to be lost no matter what based on the expansion of Gambling in the East over the past 10 years. However with proper management from Day 1, Revel would have made it and others would have had to close. This place could have been Borgata Number 2 if they would have known what they were doing. Instead they hired Kevin DeSanctis who made it clear to players he didnt need them. He upset many potential customers that he alone was responsible for the changing of the casino landscape in AC.
I believe that if Revel was run right from the start, we would be looking at 5-6 casinos left standing in AC today, instead we have Revel possibly closing the door.
This is the legacy of Kevin DeSanctis and his cronies.
I believe that if Revel was run right from the start, we would be looking at 5-6 casinos left standing in AC today, instead we have Revel possibly closing the door.
This is the legacy of Kevin DeSanctis and his cronies.
June 20th, 2014 at 9:28:53 AM
permalink
It is truly stunning (and sad) how mismanaged the Revel has been since day 1.
The project never made sense. There are two issues: 1) the economic crash of 2008 and 2) the decline of AC even before that.
This project started BEFORE the 2008 crash, so you can make a case that that wasn't part of the plan, but the project stalled. It was revived AFTER the crash with the bad economy. I don't believe it should have been revived. Fontaine Blue in Vegas remains permanently stalled. If a project no longer makes sense, you don't complete it just because it is partially complete.
The decline of AC was underway long before the Revel project began. Competition from nearby states....a whole variety of reasons why AC was on a continuing decline. The last thing AC needed was a new casino. And anyone who thought that a new fancy casino was going to make a difference, doesn't understand this industry, nor this market.
And the third thing, as I mentioned Revel mismanagement. They didn't seem to think they needed to do any kind of marketing to compete for the dwindling AC market share. They seemed to be under the impression that "if you build it, they will come". Yes, they will come once to take a look. But it takes marketing and fair gambling conditions to get them to come BACK.
At this point, I don't know if Revel can be saved, with new ownership/management. I do hope so.
The project never made sense. There are two issues: 1) the economic crash of 2008 and 2) the decline of AC even before that.
This project started BEFORE the 2008 crash, so you can make a case that that wasn't part of the plan, but the project stalled. It was revived AFTER the crash with the bad economy. I don't believe it should have been revived. Fontaine Blue in Vegas remains permanently stalled. If a project no longer makes sense, you don't complete it just because it is partially complete.
The decline of AC was underway long before the Revel project began. Competition from nearby states....a whole variety of reasons why AC was on a continuing decline. The last thing AC needed was a new casino. And anyone who thought that a new fancy casino was going to make a difference, doesn't understand this industry, nor this market.
And the third thing, as I mentioned Revel mismanagement. They didn't seem to think they needed to do any kind of marketing to compete for the dwindling AC market share. They seemed to be under the impression that "if you build it, they will come". Yes, they will come once to take a look. But it takes marketing and fair gambling conditions to get them to come BACK.
At this point, I don't know if Revel can be saved, with new ownership/management. I do hope so.
June 20th, 2014 at 9:46:04 AM
permalink
A place like the showboat need a renovation. It would probably be cheaper for them to buy the Revel for 30 mil then turn around and sell the assets out of the showboat for a few mil. Then sell it to MJ group people for 10 mil with no gaming license. They will be out 10 mil for a brand new casino that they can rename showboat. Seems like a smart move to me, but I am poor and had a failing business so what do I know.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
June 20th, 2014 at 9:55:19 AM
permalink
i seriously think I could put together 60 people with 500k each and make this work-
The bet will not be paid- not now not ever
June 20th, 2014 at 10:16:10 AM
permalink
Quote: Dicenor33These CEOs are college trained, you need someone like Binnion or Winn, or Loughlin.
There is a rumor in Laughlin that there is a tunnel from the Riverside to the bank so they don't have to carry Don Laughlin's money in public. All those joints sprung up around him and he wouldn't let one of them out do him. He just kept adding things on. The south tower with the no smoking casino, the six screen movie theater, the bowling alley, kids care. He wouldn't let one of them other casinos get bigger than him. And the all time event: When Harrah's came to town they proposed a bridge across the Colorado to be funded by the public and placed on the south side of the casino district. Don Laughlin walked into the meeting and said "I'll pay for the bridge. The public doesn't have to pay for anything. And by the way, we're going to put the bridge on the north side of the casino district, right next to my place, assholes. If you don't like it then kiss my ass."
"Quit trying your luck and start trying your skill." Mickey Crimm
June 20th, 2014 at 10:21:20 AM
permalink
Before the bridge all the Laughlin casinos had water taxis to ferry people from the Arizona side of the river. Don Laughlin was able to buy two of the parking lots and put the water taxis out of business for the Pioneer and the Golden Nugget. LMAO!
"Quit trying your luck and start trying your skill." Mickey Crimm
June 20th, 2014 at 10:35:16 AM
permalink
I never mentioned any of this to my wife. I just got a text from her:
I replied, You don't know the half of it!Quote: My WifeI think revel is desperate. I got 6 pieces of mail from them today (2 from Mohegan 1 showboat). All addresses to me!
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? 😁
June 20th, 2014 at 10:56:42 AM
permalink
How much would be needed to bank the casino? I think this is the real reason Revel had problems from the opening. Couldn't make it attractive at the start to gamblers because they couldn't finance it.Quote: strictlyAPi seriously think I could put together 60 people with 500k each and make this work-
I am a robot.
