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Showboat Casino in Atlantic City Bought

Saturday April 4,2015 : SHOWBOAT CASINO REVIVAL?
 
Revel buyer has also snapped up the shuttered Showboat Casino for $28 million.
 
Further revelations on Florida property developer Glenn Straub's ambitions in Atlantic City has surfaced over the past 24 hours following his boasts that he has bought troubled land casinos in the region and plans to spend around half a billion dollars on redevelopments.
 
The Associated Press news agency reports that Straub, who has just bought the $2.4 billion Revel property for the fire-sale price of $82 million, has also acquired the shuttered Showdown Casino next door for a further $28 million.
 
Owned by Stocktown University, the Showdown fell afoul of title conditions which insist that it be operated only as a casino...and Straub seems OK with this.
 
The Florida developer told AP that his move to acquire the Showboat from Stockton is the start of a $500 million bid to redevelop Atlantic City called The Phoenix Project.
 
Straub and Stockton issued a press release Friday saying the move brings Stockton’s plan for a satellite campus at the Showboat under the auspices of The Phoenix Project.
 
“As the name of the project signals, the Phoenix rises out of the ashes to be reborn and will evolve to include diversified collection of projects including eight parts designed to show that the American dream is still alive and well,” Straub said.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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