Revel sold for $200 million, could reopen this summer Revel, the glitzy Atlantic City casino that became the poster child for the industry's decline, has been sold to a Colorado developer for $200 million, according to published reports. AC Ocean ... With New Chatter That TEN Is Sold, Does AC Need To Slow ... The latest news is that TEN AC — formerly Revel — appears to be on its way to being sold for real, and reopened with gaming. The latest on TEN AC Roger Gros of Global Gaming Business Magazine was the first (and only) writer to report on Friday that a deal to sell TEN AC has been completed: Failed Revel casino is sold, could re-open in months with ...
Revel casino follows Showboat, closes its doors
Revel casino, finally sold, could reopen in spring 2018 ... Atlantic City's Revel casino, the most spectacular of several large-scale busts in the resort town, finally sold on Monday to a Colorado investment group that had been rumored for months to be ... Revel casino sold for pennies on the dollar | Fortune The $2.4 billion dollar casino sold for $110 million, in yet another sign of Atlantic City’s fading fortunes. ... Atlantic City casino Revel sold for pennies on the dollar. ... A hearing has ... We're Not Kidding, Revel No Longer Belongs To Glenn Straub The Atlantic City resort formerly known as Revel and TEN is sold. The Associated Press reports that Bruce Deifik has officially purchased the New Jersey casino for $200 million, with plans to reopen this summer under a new name. Deifik finalized the transaction with previous owner Glenn Straub on Thursday.
Atlantic City's Revel casino, the most spectacular of several large-scale busts in the resort town, finally sold on Monday to a Colorado investment group that had been rumored for months to be interested in acquiring the property. A report from Moody's Investor Service confirmed the anticipated deal for AC...
TAGs: Atlantic City, glenn straub, revel, ten. Confusion reigns over whether Atlantic City’s mothballed Revel casino has been sold, with the property’s owner saying one thing, and official documents saying the opposite. Revel was supposed to jumpstart AC’s struggling casino business when the $2.4b property opened with great fanfare in 2012.
Revel Casino Sold to Integrated Properties of Colorado
An investment group has paid $200 million to acquire the former Revel Casino Hotel in Atlantic City, with plans to renovate and reopen the nearly six-year-old property this summer. The buyer, AC OCEAN WALK, is a group led by Denver-based Integrated Properties. Revel sold (again); Freeman slams Indiana bill | David McKee BTW, not much has been reported about Bruce Deifik; who unlike Straub, at least has some gaming experience having been a former President and COO of Greenspun and owns the Lucky Lucy Casino in NLV (never heard of it). Anyway, there is a lot to be done there and a lot that can be accomplished. All the best to them. Former Revel casino in Atlantic City sold, could reopen in month Revel casino, Atlantic City’s most spectacular flop, is getting another chance under new ownership and a new name. ... Former Revel casino in Atlantic City sold, could reopen in months Posted ... Former Revel casino in Atlantic City sells: Report ... Documents filed with the Atlantic County clerk's office indicate the vacant Revel casino in Atlantic City has sold, but Florida developer Glenn Straub denies selling the shuttered boardwalk ...
On episode 64 of the Atlantic City and Casino Biz Podcast, Kyle and Craig talk about the huge Revel/TEN/Ocean news and then get into Craig’s trip report. Links: Revel sale was finalized on January 4th. (AP article by Wayne Parry) Glenn Straub doesn’t deny it! (Press release, Tweeted by Philly Inquirer’s Amy S. Rosenberg.)
Oct 1, 2014 ... Revel Casino Auction: Bankrupt Atlantic City Property Sold for $110M ... "These are the first people that realized what I've been saying about Atlantic ... Straub, who had talked of reopening Revel as a "genius academy" where ... An existential bet: For Atlantic City and its two new casinos, survival ... May 31, 2018 ... Atlantic City is trying to reinvent itself — again — hoping to lure young ... This seaside city has been on a decades-long losing streak: shuttered casinos, a state ... The $2.4 billion Revel Casino was a massive failure and closed in 2014. .... The furniture is slated to be sold ahead of the complexes demolition. Revel casino sold for pennies on the dollar | Fortune Oct 1, 2014 ... The $2.4 billion dollar casino sold for $110 million, in yet another sign of Atlantic City's fading fortunes.
revel-casino-closed. ... The former Revel Casino Hotel that cost $2.4 billion to build has been sold for $82 million, according to an attorney for Florida real estate developer Glenn Straub. Ocean Resort changes its name | Casinos & Tourism ...