Revel Atlantic City will be called TEN moving forward, as new owner Glenn Straub prepares the property for its grand reopening in 2017.

Revel Atlantic City is formally no more. The $2.4 billion resort that started in 2012 simply to shut 29 months later got a new owner in 2015, and now it’s obtaining a new name.

Glenn Straub, the estate that is real who paid $82 million for the bankrupt property, has revealed the Revel is going to be referred to as ‘TEN’ when it opens its doors in early 2017.

‘It’s what’s next in Atlantic City,’ TEN CEO Robert Landino told the Press of Atlantic City. ‘We are thrilled to share our brand utilizing the public and to introduce an era that is new of and entertainment.’

Straub and his Polo that is florida-based North Club development business have already been at odds with New Jersey’s Casino Reinvestment Development Authority (CRDA) and Division of Gaming Enforcement (DGE) for months. Straub sought to reopen the resort in June as a hotel-only facility, but was forced to postpone rolling out the red carpeting due to incomplete permits.

Straub seemed to bluff at forgoing his interests in revitalizing the Revel turned TEN, nevertheless now he appears recommitted.

The new logo for the resort has infinity icon underneath the TEN name.

‘Our infinity logo represents our mission to provide the highest-rated amenities and our daily endeavor to offer an infinitely perfect escape for our visitors, families and companies,’ Landino concluded.

Straub had promised $10,000 to the person who could come up with a winning name for the Revel overhaul. It’s unclear if TEN is the imaginative concept of Straub, or if it originated in the public that is general.

Take TEN

Whenever TEN reopens in the quarter that is first of, the resort can look much different than Revel Atlantic City. Straub is transforming the mammoth home to feature family members friendly activity.

Revel was more oriented towards the sexier and more youthful nightclub crowd. Former NFL star Ray Rice brought the resort much undesired publicity when movie footage emerged showing him assaulting his then-fiancé in a Revel elevator in 2014.

Instead of catering to late-night shenanigans, Straub is implementing a ropes course and 13-story endurance bicycling track.

Straub planned to open 900 of Revel’s 1,399 rooms on June 15, though he admittedly said he wasn’t sure he’d want to register ’till we obtain a possiblity to clean it up.’ But New Jersey has been slow, at least according to Straub, in approving permits for their operation.

The CRDA will review Straub’s latest traffic mitigation plans on September 20, and then apply for a certificate of occupancy if approved, TEN could.

TEN Makes Nine, No Eight

It’s no Atlantic that is secret City been struggling. Four casino resorts have actually closed since 2014, and a fifth is coming by way associated with the Trump Taj Mahal.

Like Straub, billionaire Carl Icahn had remained positive in the future of the beachfront gambling city and planned to invest heavily in its revitalization.

But come October 10, Icahn is folding on the Taj and shuttering the house. That may leave just seven casinos in Atlantic City.

Straub’s TEN will return that number to eight if the city approve his gaming permit application. Though he’s willing to start TEN as a hotel and resort that is recreational video gaming remains a target.

‘You have to offer me a chance, I’m trying to assist,’ Straub told the CRDA this month.

Wynn Angered by Revere Slots Parlor Proposal

Steve Wynn’s problems in Massachusetts carry on as he seeks to expand his kingdom on the East Coast.

After a protracted and bidding that is occasionally bad-tempered with Mohegan Sun, Wynn won the bid for their state’s final remaining casino license, defeating different municipal lawsuits in the process.

Steve Wynn addresses the press in front of a model of the Wynn Boston Harbor. But will Massachusetts residents vote to authorize a slots parlor just three kilometers away? (Image: Jessica Rinaldi/Boston World)

Wynn Resorts is now getting right down to the business of transforming a former chemical plant into a shiny brand new waterfront casino.

It’s no task that is easy the block of land has been contaminated with lead, arsenic and other pollutants for decades while the clean-up procedure is expected to cost the company around $30 million.

It’s no shock that a ballot that is statewide would authorize a slots parlor in Revere, just three kilometers from where the $2.1 billion Wynn Boston Harbor is being built has exasperated the business.

Wynn Resorts claims that the proposal is really a breach of the 2011 legislation that legalized casino gaming in the state and laid down quotas that are strict the total amount of casinos allowed into the state.

Wynn Says It’s ‘Not Fair’

There is strong help for the thought of a casino in Revere, where the historic Suffolk Downs racetrack is situated. The racetrack partnered with Mohegan Sun for the casino proposal that went up against Wynn within the licensing bid, and many felt betrayed when it lost.

‘It’s not reasonable to Wynn Resorts,’ said Robert DeSalvio, senior VP of development at Wynn, told the Boston Globe this week. ‘We came into Massachusetts understanding there would be three casinos and one slots parlor under state law, not three casinos and two slots parlors. Some one shouldn’t are available now and circumvent the law.’

The requirement to safeguard Suffolk Downs while the thoroughbred horse rushing industry was one of the primary motivations for the 2011 act that legalized casino gaming in Massachusetts.

Suffolk Downs was forced to close when Wynn won the license, and though it has since reopened for limited racing, it relies heavily on funding from the state.

‘Slapdash Proposal’

None of this will be Wynn’s fault, and House Speaker Robert DeLeo, one of the architects regarding the 2011 bill, agrees that the proposal that is new beyond the pale.

‘I stand in opposition to Question 1 [the ballot],’ DeLeo said. ‘ When we crafted the law, my focus that is main was boosting the economy and creating jobs. Key to that work ended up being creating an independent Gaming Commission which conducts thorough market analyses and then makes informed decisions.

‘This slapdash proposal would upset the deliberate and balance that is delicate worked so hard to produce.’

New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill

New Jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City.

He may have about $15 billion not as much as Carl Icahn, but New Jersey State Senate President Stephen Sweeney has the power that is legislative their part, and is able to undertake the casino designer. (Image: Tony Kurdzuk/The Star-Ledger)

Senate Bill 2575, that has been introduced concurrently with Assemblyman John Burzichelli’s (D-District 3) Assembly Bill 4187 in identical text and language, would amend the current law on how permit holders continue in closing and opening casinos.

The bill seeks to disqualify casino license applicants in the event that entity or person behind the bid ‘substantially closed’ a casino home in the previous five years. The definition of ‘substantially closed’ will be defined by the state’s Division of Gaming Enforcement (DGE) and provide additional powers to the gaming authority that is regulatory.

The text of SB 2575 implies that operators who intentionally close a casino with plans to later reopen the place under a new title with new labor agreements would qualify as owners who ‘substantially closed.’

The clause makes no key about its intended target, also though it doesn’t straight reference Carl Icahn or the Trump Taj that is soon-to-shutter Mahal. The billionaire announced the casino resort would be closing on October 10 after a nasty labor dispute.

The Taj shutdown will mark Atlantic City’s fifth casino closing since 2014. Icahn says he stands to reduce $100 million on the undertaking that is entire but others believe he has more sinister plans.

‘This bill encourages casino owners to keep their properties open and rather rebuild Atlantic City than keep their license and throw thousands of families to the curb,’ Sweeney said.

Ongoing Work Disputes

Icahn was in a hot battle with the Unite Here neighborhood 54 work union that actually works at the Trump Taj Mahal. The billionaire developer acquired the flailing property in by purchasing Trump Entertainment Resorts february.

The union, which represents bartenders, wait staff, cooks, and housekeepers, demanded the renovation of user health insurance and pension benefits, plus higher wages that are hourly. A bankruptcy judge allowed Icahn to reduce particular benefits for an interim duration, in order to bring the casino resort away from the red.

But the union, which represents about 1,000 of Taj’s 2,800-employee workforce, sooner or later destroyed its persistence and initiated several protests, all of which fell on deaf ears when Icahn would not relent.

‘Icahn Enterprises was willing to endure a tough situation when we thought we could emerge successful,’ Icahn said in a page to workers. ‘We wish this story could have had an ending that is different. We does everything we are able to to control the closure within the easiest way possible.’

Sweeney in Retrograde

Some in nj-new Jersey believe Icahn is ‘warehousing’ the casino gambling license, and can reopen the resort under a new name, and with a new labor force. Sweeney’s bill would prevent him from doing just that.

And regardless of the actual fact that SB 2570 isn’t currently in the books, the Senate president is making sure it would use to Icahn, by including a supply that makes the legislation retroactive to 1, 2016 january.

‘Casino owners shouldn’t be able to misuse bankruptcy regulations and gaming regulations in purchase to warehouse a license or take cash out of the pockets of casino workers and strip them of benefits simply because they refuse to come to a labor agreement with their workers,’ Sweeney told the Press of Atlantic City this week.

Fighting Among Arkansas Casino Ballot Opponents Picking Up Steam

Jerry Cox, president associated with Arkansas Family Council, believes that the pro-casino supporters of an Arkansas casino ballot vote is composed of predatory entrepreneurs from Missouri. (Image:

The war of words over Arkansas’ casino ballot heated up this week, because the pro-casino movement asked for to have a lawsuit that would block the ballot which was dismissed by the Arkansas Supreme Court.

The Arkansas Winning Initiative (AWI), which wishes voters to amend the constitution to allow up to three casinos in the continuing state, collected over 100,000 signatures in favor of casino video gaming, enough to force a referendum under state law.

But earlier in the day this month, anti-casino team the Committee to Protect Arkansas’ Values/Stop Casinos Now filed case into the Supreme Court aiming to stop the ballot in its tracks.

Their filing contends that the language associated with the ballot misleads the public into believing that recreations wagering could be available at the proposed casinos, while in reality it will be unlawful. It also claims that the ballot fails to convey comprehensively to voters the consequences of the measure.

Gaming Monopoly

On Monday, the AWI filed a motion arguing that the anti-casino group has no standing to file the suit because it has not shown that it is harmed by your decision to hold the ballot vote. Additionally claims that the Supreme Court won’t have jurisdiction to listen to the case.

Last week, Arkansas’ current gaming industry, which consists of Oaklawn Racing and Gaming and Southland Park Gaming and Racing became an ally that is unlikely of state’s anti-gambling teams, donating $109,500 to the cause. Oaklawn and Southland offer ‘skill-based’ gambling at their racetracks and currently enjoy a monopoly that is complete gaming in Arkansas.

A theme that is popular developing within the anti-ballot movement’s rhetoric, which sees AWI as ‘out-of-state’ businessmen, preying on Arkansas.

It was this theme that Jerry Cox, president of the Arkansas Family Council was very happy to expand on as he went toe-to-toe with AWI spokesman Robert Coon on the local present affairs program Arkansas Matters this week.