Inside Atlantic City's brand-new Ocean Resort Casino Hotel
ATLANTIC CITY — Glenn Straub took a giant step away from the news for revel casino Revel brand Monday, as a management team announced a total rebranding of the casino hotel Straub bought out of bankruptcy.
The team is calling it TEN, as in "the TEN brand symbolizes perseverance" —and continues to need, in trying to get still-outstanding approvals from city and state agencies.
The new group, which includes Revel's original chief financial officer, is aiming to reopen the property by March 2017.
Straub said in an interview that he had signed a 25-year lease "worth millions" with the team.
Bob Labanara, spokesman for the new team, said TEN will keep the Revel news for revel casino lit at the top of the building.
The mercurial Straub at news for revel casino denied any knowledge of the team or its rebranding, saying, "I don't know what you're talking about.
But he confirmed that the team has the lease, which he said was contingent upon his getting a casino license.
He also needs a certificate of occupancy.
Straub cod4 free for all complained that New Jersey's bureaucracy is blocking his opening and has ranted at public hearings.
But Monday marked the first evidence click to see more management with industry experience, albeit a mixed track record.
The announcement names as TEN's chief executive officer Robert A.
Landino, who owns an architectural and engineering firm, and is involved in a solar energy firm and a clothing company.
His company was terminated by the City of Hartford in June, according to the Hartford Courant.
TEN's chief financial officer is Alan Greenstein, who served in the same capacity at News for revel casino before it closed in 2014 after little more than two years of operation.
Greenstein was part of the original Revel team headed by Kevin DeSanctis.
He served from December 2006 to July 2013, after the first bankruptcy.
In an interview, Greenstein said the financial structure of the new venture eliminates many of the issues that plagued Revel.
In addition, in stark contrast to the heavily leveraged Revel, the property is now debt-free, Greenstein noted.
Based on the economics of the landlord-tenant agreement, the property has a lot of potential to make a lot of money.
He said as many as 3,000 people would staff a new resort.
It promised 13 restaurants, a spa, two theaters, three nightclubs, a day club and five pool areas, plus 130,000 square feet of gaming.
The restaurants and clubs that leased space at Revel made money, and have said they would reopen under new management.
The new logo of TEN is a lopsided infinity sign.
The new news for revel casino said they plan to place the TEN name on news for revel casino building, which as Revel had its iconic ball but no name on the building.
Some were skeptical: "Named for how many months it will be in business?
Four casinos closed in 2014 along the Boardwalk, and the Trump Taj Mahal is scheduled to close Oct.
Showboat, now owned by developer Bart Blatstein, has reopened as a non-casino hotel.
At a land-use division hearing this month at the CRDA, Straub threatened to abandon the project after being asked for additional landscaping plans for the property, which is surrounded with overgrown weeds — though window washers have been at work of late.
Greenstein said that the property was in excellent shape, and that it was up to Straub to get his casino license.
He's a great businessman.
Revel Casino Set To Close In September
A sign for Atlantic City can be seen near construction of Revel Casino …ATLANTIC CITY — The shuttered Revel casino is no closer to opening this week than it was a. please click Sign Up to subscribe and continue to enjoy valuable local news and information, or you.Revel Casino News revel casino news BestHotelOffers.net finds Revel.
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