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Archive for “Revel” news
This can't be good for the troubled Atlantic City resort: NBC 10 reports two people—a 56-year-old man and a 21-year-old woman—were found dead over the weekend in a seventh-floor hotel room at the Revel Resort. Both are New Jersey residents; officials say it's too early to determine if the deaths are suspicious. The Revel, of course, filed for bankruptcy last month, less than a year after it opened.
More trouble for the Atlantic City's Revel casino, which declared bankruptcy this week: A new lawsuit says one of the casino escalators grabbed an Englishman, and dragged him more than 40 feet through the air until he was rescued by the resort's other guests. The Englishman, Christopher Eades, said he wasn't even standing too closely to the escalator when it snatched him bodily and began his short-but-horrifying flight of fancy. The incident took place last August.24:"At the above time, place, and location, a portion of plaintiff's clothing was snared, gathered, collected, pulled, caught into the escalator apparatus."At that time and
The beginning of the end (or the beginning of a new beginning?) starts Monday, when A.C.'s most troubled casino is expected to file for bankruptcy.Revel will maintain normal business operations during the bankruptcy. But the financial restructuring appears to clear the way for a series of practical changes, including addition of a smoking area, a beach bar, and more reasonably priced restaurants, among other things, by Memorial Day weekend, in time for the resort's peak season.If Revel can't save itself, potential buyers include the Penn National gaming group, which is competing for Philly's second casino license, and Neil Bluhm, the
It was only a matter of time: Revel CEO Kevin DeSanctis and chief investment officer Michael Garrity are being replaced, weeks ahead of a filing for Chapter 11 bankruptcy. (They are, however staying with the bigger Revel conglomerate.) Meanwhile, Daniel Hartmann, a 20-year industry veteran, says he "plans to a large extent to follow the business plan set out by his predecessors." Good luck with that! Read more about the A.C. casino's troubles here. [NY Post]
The very words "Atlantic City" are becoming a regular harbinger of bad news. It seems that every time one reads about A.C., it's to learn that casino gambling revenue is down. Last month was no exception, as sales were down 13 percent compared to the same month last year. Meanwhile, six casino applicants vie tomorrow for the right to run Philly's second casino. [AP]
November was a terrible month for all twelve Atlantic City casinos, due largely, of course, to Hurricane Sandy. But the $2.4 billion Revel, which opened only eight months ago, probably would have underperformed anyways. According to figures released yesterday, Revel made only $6 million last month, down 33 percent from its already paltry October showing, performing worse than all but one casino--Trump Plaza. All told, AC experienced its largest-ever monthly revenue decline in history, at 30 percent. Still, considering Revel requested another lifeline just last week, on top of a credit infusion in August, Sandy may be the least of its troubles. [Inquirer]
I wanted Revel to succeed. I really did. Oh, I realize that I wrote a rather scathing Revel review in May, one month after the mammoth project debuted on the Boardwalk. And that review was well deserved. As a representative of Revel told me in response, the weekend that I was there represented a "total meltdown" in services. With wait times in the double-digits for a plastic cup of beer or a cup of coffee, believe me, I wasn't the only one complaining.
A two-part video has hit the YouTube chronicling the creation and preparation that have gone into Beyoncé's Memorial Day weekend shows at Atlantic City's Revel. They will be her first shows since giving birth to baby Blue Ivy on January 7th. Beyoncé says, in the video, that being a mother has made her "more grounded and more like you." She says this less than 20 seconds after she's shown dancing next to/flying in a helicopter. Just like us, is right. Now, if you'll excuse us, we all have choppers to catch to get down the Shore for the weekend.