Craps

Revel files for Bankruptcy……

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That did not take long!

http://finance.yahoo.com/news/njs-newest-casino-revel-file-005235068.html


Replies:

Posted by: billythekid on February 20, 2013, 6:36 am

The other news out of AC in the last week or so is the purchase of Trump Plaza for 20 mil. I’m pissed, we could have made a conglomerate of GTC people and financed that! Could you imagine 12′ craps tables covering the whole casino floor?
Yea I’m dreaming but what a dream.
BTK

Posted by: Goddess on February 20, 2013, 11:38 am

"Revel was designed as a destination resort, an ambitious, risky project in a declining market. It saw itself not as a casino resort but as a resort that happened to have a casino. But the distinction seemed to have been lost on many customers, who found its restaurants and hotel rooms pricey. "

Apparently no one in thei marketing department observed who the clientele are in AC. Mid-week, particularly, it is geriatric village, and no one in that demographic is interested in a "destination resort" in AC. Revel started out with rooms costing $249 mid-week and no comps. Most players in AC don’t pay for their rooms, or pay very little. Revel also have no buffet, which many AC players like to eat at.

When Revel opened, all the dealers and players were saying it wouldn’t last very long. We should have placed bets.

Goddess

Posted by: Dominator on February 20, 2013, 1:52 pm

"billythekid" wrote: The other news out of AC in the last week or so is the purchase of Trump Plaza for 20 mil. I’m pissed, we could have made a conglomerate of GTC people and financed that! Could you imagine 12′ craps tables covering the whole casino floor?
Yea I’m dreaming but what a dream.
BTK

yep we just might have been able to put that together!

Dom

Posted by: Scan on February 20, 2013, 2:44 pm

I believe they took on 110 million. In debt in Trunp

Posted by: the gman on February 20, 2013, 4:16 pm

Billy

that is a hell of an idea, but i am not sure if i owned part of all those
12′ tables i want you and Dom playing on them…. 😥

Gman

Posted by: Mr Finesse on February 26, 2013, 1:50 pm

The Plaza was never marmeted properly by the Trump organization. I remember years ago our Host at the Taj said that Trump Plaza should have been the best and most succesful casino in AC because of its location, when you drive in on the AC Expressway it it the first casino you see and it is connected to the huge convention center, Boardwalk Hall.