revel casino sale news

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The suspect remains at large. While the new law paves the way for current casino operators to obtain licenses to offer various online gambling games, the lawsuit more particularly objects to the provision allowing for the operation of 10 additional "satellite" casinos in the state.

The lawsuit filed in federal court states "that provisions allowing 10 more mini-casinos would cause 'significant and unique' harm to [Penn National's] suburban Harrisburg casino, Hollywood Casino.

We noted here back in October how Penn National was not at all happy about the new law. At the time Eric Schippers , senior VP of public affairs at Penn National, said the group was "beyond disappointed by the legislature's ill-conceived and hasty gaming expansion plan," indicating in particular its expected punitive effects upon Hollywood Casino.

Penn National maintains the law "violates its constitutional rights to equal protection and due process, as well as Pennsylvania's constitutional prohibitions over legislation that benefits a particular person or entity.

It's not the first lawsuit targeting the new bill. Las Vegas Sands has also filed one since it was signed into law by Governor Tom Wolf , and Penn National has filed a second suit as well.

MGM National Harbor was up significantly year-over-year The Rocky Gap Casino Resort was also up for the month 6. Be sure to complete your PokerNews experience by checking out an overview of our mobile and tablet apps here.

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User Account Sign in. The saga of the shuttered Revel Casino in Atlantic City has taken another twist with the news that a notice of settlement for the property has been filed.

The notice of settlement did not include any sales price. Deifik is known as the founder and CEO of Integrated Properties, a company set up in that deals with property acquisitions and dispositions, and which has been involved with a number of well-known properties including the Hyatt Grand Champions Resort in Palm Springs, California, and a number of notable buildings in the Denver and Phoenix areas.

But despite the filing, Revel Casino owner Glen Straub has denied knowledge of the document. Straub is pushing for an exemption from the Casino Control Commission ruling that he must obtain a casino licence in order to reopen the Revel.

Straub has argued that he does not need a licence as he will be leasing the site to another casino developer. Speaking to the Inquirer on Tuesday, he addressed the court issue and denied all knowledge of Denver-based Deifik.

Although there has been ongoing speculation about the Revel, the property remains shuttered, with Straub blaming local and state officials for the failure to reopen it.

Want to try an online casino? Choose an approved casino from our carefully selected list. The former Revel Casino has been long shuttered up, but reports now suggest that this may not be the case for long after the casino was sold.

A dispute between a Scores strip club that used to be housed in the Trump Taj Mahal and the Hard Rock Group is threatening to delay the new casino resort.

Landmark Atlantic City property Trump Plaza, once owned by President Trump, has been scheduled for demolition within the next six months.

Revel Casino Sale News Video

$2.4 Billion REVEL Hotel and Casino, Atlantic City - OUT OF BUSINESS