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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 :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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