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MORE DELAYS IN REVEL SALE

Sunday February 01,2015 : MORE DELAYS IN REVEL SALE (Update)
 
Winning bidder threatens to pull out of sale as tenants oppose auction deal.
 
Yet another delay has complicated the auction sale of Atlantic City's Revel casino building following a judicial delay after nightclub and restaurant tenants of the building launched litigation, claiming they would be wiped out by the sale to Florida developer Glenn Straub, who has yet to decide what he will do with the building.
 
The tenants claim that they have invested tens of millions in their establishments and would be seriously disadvantaged by the bankruptcy auction of the two-year-old building, originally built at a cost of $2.4 billion, to Straub for $95.4 million.
 
Third U.S. Circuit Court of Appeals Judge Thomas Ambro ruled late Friday that Revel has until 4 p.m. Tuesday to respond to the appeal from IDEA Boardwalk of a federal judge’s decision.
 
IDEA Boardwalk and other former Revel tenants originally asked U.S. District Court Judge Jerome Simandle to delay the sale but he denied the request January 21, saying that Revel and Atlantic City would be harmed by a delay.
 
Revel lawyers said Friday that they were confident the appeal would fail and the sale would go through as planned on February 9, however, lawyers representing Straub have threatened to walk away from the deal if the sale is delayed.
 
That would cost the Florida developer the $10 million he has already deposited, a penalty a potential Canadian buyer, Brookfield Asset Management, similarly paid for withdrawing from its winning Revel bid last year.
 
In an interesting twist, local media reports indicate that a company that runs Hard Rock casinos for the Seminole Indian tribe has been granted approval to operate a casino in Atlantic City... and its chief executive says he has had conversations with Straub.



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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