Atlantic City’s Revel Casino Sold for $200 Million
The Revel casino in Atlantic City has been sold for $200 million to AC OCEAN WALK, a company owned by Denver-based Integrated Properties. Revel, which opened in April 2012, cost $2.4 billion to build. It was a failure from the get-go, closing in September 2014. Glen Straub, who sold the property to AC OCEAN WALK, purchased it in April 2015 for $82 million.
“We are incredibly excited that we were able to take advantage of the opportunity to acquire this tremendous property at a time when Atlantic City is seeing great economic strides,” said Bruce Deifik, the Chairman of AC OCEAN WALK, in a press release. “Now the city has a number of exciting new projects with our property and the Hard Rock, as well as Stockton University’s new campus and the expansion of the medical center.”
Deifik plans to re-open the Revel this summer under a new name, Ocean Resort Casino.
“It is our mission and vision to fully serve the customer base of Atlantic City,” Deifik said. “In that regard, we are working to bring back some of the restaurants that were successful at the property and we have worked diligently to create some specialized new venues including a top Asian noodle bar and a high-end players club. Our investment in this property will make certain there is something for everyone at the Ocean.”
Jason Mercier Ends Relationship with PokerStars
Team PokerStars Pro has lost its second top poker player this year, as Jason Mercier announced that he did not renew his contract with the world’s largest online poker room. He has won more than $18.5 million in live tournaments and, according to PocketFives, more than $2.2 million in online tournaments.
Mercier – and PokerStars – said the split was amicable and that the reason for his decision was the need to spend more time with his wife and newborn son. In a post on the PokerStars blog, Mercier wrote:
After my son was born, I knew things were going to be different. One of the major things to address was my relationship with PokerStars. My contract was set to expire at the end of 2017, and I wasn’t sure what exactly was going to happen there. I had a lot of questions rolling around my head. Do I even want to travel now? How much can I travel? Should I continue playing poker so much? How’s it going to be on the road with a baby? Does PokerStars want me to do more? Is my wife going to continue to play poker? DO WE NEED A FULL-TIME NANNY!!??
“I was a PokerStars Pro for eight and a half wonderful years,” Mercier said. “I’m forever grateful that they took a chance on me when I was just a 22-year-old kid who had just captured his first gold bracelet in the summer of 2009. There were times when I thought I might be a PokerStars Pro for the rest of my life… hey, a kid can dream can’t he? Thank you to all of the wonderful people I worked with at PokerStars, your support and friendship has been invaluable.”
New York-New York Casino Robbed
A cashier at the New York-New York casino on the Las Vegas Strip was robbed early in the morning of January 10th. The suspect is still at large.
It was a rather uneventful robbery, as far as robberies go. The man approached the cashier at about 1:00am, showed a handgun in his waistband, and demanded money. The cashier complied and the man escaped through the south entrance of the casino, fleeing in a taxicab.
Las Vegas Metropolitan Police have released pictures and a video of the suspect, a black male wearing a black beanie cap and black-rimmed glasses. He was also wearing a black hooded jacket, dark jeans, black mechanic’s gloves, and black shoes. He appears to be 30-35 years old.
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