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Experience Atlantic City on Auction Block for $90 Million Starter Bid

Experience Atlantic City on Auction Block for $90 Million Starter Bid

Florida investor Glen Straub has kicked from the auction bidding on Revel for $90 million.

Atlantic City’s Revel Casino is up for auction grabs, and a Florida property designer has offered $90 million in money to get the property which was shut down for good week that is last. Glenn Straub, whom owns the 22,000-acre Palm Beach Polo and Country Club in Wellington, Florida, will now become the ‘stalking horse,’ or bidder that is lead who may be outbid by competitors at an auction on September 24. Other buyers that are potential until September 23 to help make offers.

Straub said this week that their offer had been ‘an opportunity to turn things around. That is what they need at this time; a brand new direction,’ he included. ‘Give us our six months, so we’ll really actually most probably. In two years, we’ll be 100 percent open.’

Which begs the question, just what will likely be open, precisely? This indicates unlikely that Straub will reopen Revel as being a casino; the Revel Casino project, after all, had been a cataclysmic $2.4 billion failure with huge costs that are operational were hemorrhaging $2 million a week when it shut. And besides, it seems Straub includes a personal dislike of gambling enterprises.

Casino Doctor

‘When everyone thinks of Atlantic City, they think of casinos,’ Straub told United States Of America Today, adding that he dislikes the idea of Atlantic City as a casino city and w […]

California Data Lawsuit Against Iipay Nation of Santa Ysabel

California Data Lawsuit Against Iipay Nation of Santa Ysabel, which the Iipay Nation of Santa Ysabel launched early in the day this month. California wants to pull the plug.

The Iipay Nation of Santa Ysabel is dealing with a lawsuit that is federal the State of Ca over its online gaming activities. The state desires the plug pulled on the go-it-alone operator that is tribal earlier in the day this month established its online bingo service, The tribe has also established its intention to offer poker that is online Californians, regardless of perhaps the state chooses to legalize and regulate it or perhaps not, and has consistently stated the launch of its internet poker site,, is ‘imminent.’

While the tribal operator believes it ‘is exerting its sovereign right beneath the Indian Gaming Regulatory Act (IGA) to control and conduct Class II gaming from the tribe’s booking,’ the 14-page lawsuit issued by the Ca Attorney General this week asserts that the tribe’s actions are ‘an imminent danger to the general public wellness, safety, and welfare.’

The state is seeking ‘orders temporarily restraining, and permanently enjoining, the Tribe’s providing and conducting online gambling in breach for the Compact and in violation of state and federal law.’

Breach of State Gaming Compact

‘This action seeks injunctive that is appropriate to avoid unlawful Internet gambling; Defendant Iipay country of Santa Ysabel, additionally known […]