Several weeks ago, we reported on a brand new LGBT initiative that Atlantic City’s Borgata is rolling out, including a series of concerts, travel packages, and parties featuring entertainers like Kathy Griffin and Lady Gaga. Now, Borgata Nightlife announced that the OUT at Borgata kick-off party on March 13th will be hosted by none other than rapper/comedian Wendy Ho, with DJ Mimi (AKA Mimi Imfurst) spinning beats all night long. Read more »
Yesterday was supposed to be the big unveiling of Bart Blatstein’s plans for The Pier Shops at Caesars, the half-empty mall over the ocean in Atlantic City. But it was abruptly called off late last week after Caesars filed a lawsuit accusing Blatstein “of having taken over the Pier’s lease from [a] third company illegally and without Caesars’ consent.”
After all this, Revel will be sold to Glenn Straub.
The Wall Street Journal reported today that the Florida developer and Revel have struck a deal in principle that would see Straub buy the failed casino.
“All issues are pretty well resolved,” Mr. Straub told The Wall Street Journal. “We’re buying what we originally intended to buy, and the dollar figure will reflect that.” The Press of Atlantic City reports the proposed sale price is $82 million. Straub had previously bid $95.4 million for the property. Read more »
Well, we now know why Tower Investments abruptly canceled Tuesday’s upcoming press conference regarding the redevelopment of the Pier at Caesar’s. While the press release stated it was “Due to unforeseen developments beyond Tower Investments’ control,” the Press of Atlantic City is reporting it’s due to a suit filed in Atlantic County Superior Court by Kevin Ortzman, president of Caesar’s and Bally’s Atlantic City, that alleges Blatstein and crew operated “illegally as trespassers” at the pier.
Here’s more: Read more »
We’ve got some late breaking news for your Friday commute. Bart Blatstein was supposed to announce the redevelopment plans for The Pier at Caesar’s at a press conference on February 24 at the pier. It looks as though plans have significantly changed. Tower Investments just sent out a press release stating the redevelopment announcement has been cancelled, citing “unforeseen developments beyond Tower Investments’ control.” Here it is in full: Read more »
Revel looks like it’s headed back to the auction block.
Yesterday, a judge terminated Florida developer Glenn Straub’s agreement to purchase the failed casino for $95.4 million. This is the second deal to fail; in December, a deal to Toronto-based Brookfield fell through.
So what now? The Press of Atlantic City says attorneys for both sides are still talking. Revel’s attorney said if Straub “came forward today ready to close, I suspect that we would take his money.”
But Straub tells the Inquirer he’s out, though. “We’re not going to buy it again,” he says. “We have to move on.” A judge ruled Revel can keep Straub’s $10 million deposit, but told it not to spend it yet. Straub’s attorney plans to appeal, while Revel will ask a judge if Revel can start spending the money immediately. Read more »
While most of the attention in Atlantic City has been turned towards the never ending saga of Revel and the other failing casinos, Bart Blatstein has managed to do the unthinkable: fly relatively under the radar regarding the redevelopment of The Pier at Caesar’s.
That’s set to change in about a week’s time as Blatstein and partner Paul Steelman, a legendary architect in the entertainment industry, will host a formal announcement on February 24 at the pier to unveil their plans for the failed high-end shopping mall. Much like Revel, which cost over $2 billion to build and will (eventually?) be sold for pennies on the dollar, The Pier at Caesar’s was originally valued at $200 million and Blatstein got it for a song–approximately $2.7 million, according to a press release.
It’s been a busy couple of months for Blatstein since the purchase of the pier in November. Read more »
If you’re looking for a gay getaway, Atlantic City’s Borgata and Water Club are rolling out the rainbow carpet … literally. The luxury resort, which features a casino, two hotels, and multiple spas, is launching an OUT at Borgata initiative, and they’ve got a killer March party planned with headline entertainment all weekend long. Read more »
There will be no “university for geniuses,” it appears.
Officials with the bankrupt Revel Casino said overnight they will ask a judge today to cancel the planned sale of the shuttered business to Florida developer Glenn Straub — and to allow them to keep his $10 million deposit. An attorney for Straub said he would challenge Revel’s right to keep that deposit.
“Revel AC originally said it planned to scrap a deal to sell the shuttered casino to Glenn Straub for $95.4 million at 12:01 a.m., just after the midnight deadline for the sale had passed,” AP reports. “But a Revel attorney told The Associated Press moments after the deadline had passed that the termination notice, in the form of a request to a bankruptcy court judge to let it cancel the deal, will be filed sometime during business hours Tuesday morning.”
Read more »
Like any good nosy person (er, journalist), I was people-watching as I sat in the hotel lobby bar, aimlessly clicking on a video poker machine and sipping a drink. The bar was full of Kovalev fans in high spirits. After all, their man had just trounced Hopkins. A man in a white Team Russia track suit was getting cozy with a woman across from me. I stopped watching — this seemed like a private enough moment for even me to stop — but eventually I noticed they went off together.
I thought of this when I learned earlier this week that Atlantic City had been named the most romantic city in America. Well, I thought of that second. The first thing I thought was, “What?”