It was free to enter Atlantic City on Tuesday. Toll free Tuesdays will be taking place throughout the month of Oct. for drivers on the eastbound lanes of the Atlantic City Expressway. It is apart of the Atlantic City Alliance’s efforts to bolster midweek visits to the resort. Both the Egg Harbor and Pleasantville tolls…
The Revel Casino has officially switched hands. A federal judge gave approval to Brookfield US Holdings LLC to purchased the closed casino. The final sale price was $110 million. Brookfield is the same company that owns the Hard Rock Casino in Las Vegas and the Atlantis in the Bahamas. The casino comes are quite a…
If the Revel Casino in Atlantic City reopens as a casino, there’s no guarantee that its former workers will get rehired. A sale agreement with Brookfield US Holdings LLC makes no mention that the company has to hire back the former workers at the Revel if it reopens as a gaming hall. Brookfield says it…
You will no longer see the Trump Plaza name as you drive into Atlantic City. The sign for the casino came down on Monday, after the casino closed for business a couple of weeks ago. The casino was struggling for a few years and is the fourth casino to shut down this year. Trump Entertainment…
Court documents released on Thursday indicate that a number of “key” Revel employees will split a $700,000 bonus if the sale of the casino-hotel is approved on October 7th. The Press of Atlantic City reports that a Key Employee Incentive Plan indicated a benchmark of $105 million as a sale for the property to trigger…
On Wednesday Atlantic City Council introduced an ordinance to raise fines for parking lot operators who raise their rates at random. The “price gouging” issue was created when casino parking lots were found to be charging up to $50 to park during the free beach concerts this summer. The ordinance would raise the maximum fine…
The new owners of the Revel Casino in Atlantic City say the building will re-open as a casino, but no timetable has been announced. Brookfield US Holdings LLC was the successful bidder this week for the Revel, capturing the $2.4 billion casino for just $110 million. Officials with Brookfield say the Revel will once again…
The former Revel Casino has new owners. Brookfield Property Partners purchased the property at auction for $110 million. The casino was originally built for $2.4 billion. The man who put in the initial bid of $90 million, Glenn Straub, will get $3 million for losing out in the bidding process. Brookfield owns casino properties in…
The auction for the bankrupt Revel Casino-Hotel property ran late into the night on Tuesday, with multiple bids entered on the property. The opening bid of $90 million, offered by Florida developer Glenn Straub, was eclipsed by a subsidiary of Brookfield Asset Management. NBC10 reports that the company owns the Hard Rock Hotel/Casino in Las…
A multi-alarm fire struck several businesses and apartments Tuesday night in Atlantic City, leaving seventeen people displaced. Fire officials say the fire broke out just after 10 p.m. in the AC Alterations business on the 1100 block of Atlantic City. Everyone escaped safely, even though the roof of one of the buildings collapsed. High wind…