Tag: revel

‘American Dream’ will fail, just like Revel and all crony capitalist schemes | Rooney

By Matt Rooney _ We’ve had four (!) more governors since Jim McGreevey’s administration dreamed up what was then ominously dubbed ‘Xanadu,’ a 91-acre mall-meets-theme park in the middle of the Meadowlands which resembles a spaceship too large (and ugly) Read More

Atlantic City could be on verge of major revival in 2018

The last traces of President Donald Trump’s onetime casino empire could vanish. … sports betting nationwide, drastically expanding the gambling industry. A much-loathed state takeover of power is expected to end, internet gambling continues to grow at a healthy clip, Read More

REPORT: Brookfield Wins Revel for $110M

By Matt Rooney | The Save Jersey Blog Heads up: Reuters reported on Wednesday morning that Brookfield Asset Management had won the auction for the Revel Casino with a $110 million, Save Jerseyans, paying a fraction of the $2.4 billion originally invested Read More

Atlantic City: Too Big to Save?

By Matt Rooney | The Save Jersey Blog HBO’s Boardwalk Empire will wrap up this fall, Save Jerseyans, five seasons into a series that launched with critical acclaim but is slated to end amid sober commentary concluding “it’s for the best.” The Read More

Hurley: No Bidders for Revel

By Matt Rooney | The Save Jersey Blog You can’t have a bankruptcy auction without qualified bidders, Save Jerseyans. Not good… Sources confirm exclusively to Hurley that there are no qualified bidders for Revel Casino. Board will meet today. Revel Read More

The Showboat is Over in A.C.

By Matt Rooney | The Save Jersey Blog The parent company of Atlantic City’s 1,331-room Showboat Casino, where the popular music venue ‘House of Blues’ is located, reportedly plans to layoff 2,100 employees on Friday, Save Jerseyans, the first step towards closure. Competition from Read More

Revel Back to Bankruptcy Court

By Matt Rooney | The Save Jersey Blog Here we go again, Save Jerseyans. Revel is heading back to bankruptcy court for the second time in just two years, according to sources familiar with the filing. The perpetually troubled casino allegedly can’t meet Read More