Revel Atlantic City casino has been sold to Florida developer Glenn Straub. The deal closed Tuesday according AP press sources.
Mr. Straub paid “only” $82 million for Revel Casino, a mere fraction of the original cost of $2.4 billion. Not exactly pocket change, but the news is exciting for Atlantic City. The casino was open for only 2 years before closing down.
Revel Casino was supposed to be a big hit….
leading to its opening, but this led to dismay at its demise due to many factors.
However this sale of Revel could be the jolt
in the arm that Atlantic City needs. Hey, there is no place like AC with beaches, boardwalk and casinos. Give her some time and she will be back. This is just the beginning. We have already spoken about the other exciting news with Borgata, Trop and Gardeners Basin revamping. However this was the big one we were waiting for.
Yeah we know that a lot of us are pissed off at the city with lots of complaints. But every time we go here just walking on the boardwalk, breathing in the ocean air makes us feel hopeful.
Atlantic City- the one and only
The rates right now are dirt cheap. So stop comparing AC to Vegas thinking you will not get a deal. Ballys at $39.00? Hey come on. On the boardwalk yet. This is hard to walk away from. Don’t forget about all the good food and shows coming up.
Folks there is no place like Atlantic City on the east coast that offers all this. It will continue to make great strides. I remember South Beach Florida, when they could not give away anything. Now you can not touch any property there, except guys like Glen Straub.
Folks AC is on the way back! Stay tuned for more updates and great deals this week.