Full name: lungetruck43
Location: Talladega, Kentucky, United States
User Description: A personal equity company from New York has reportedly made an offer you to acquire the shuttered Revel casino in Atlantic City for $220 million. The $2.4 billion Revel was shut down in 2014 following sustaining hefty losses.Alex Fredericks, a senior executive from Digital Launch, a business representing the equity company produced the declare earlier this week but refused to share any further information which includes the identify of the private equity company. Digital Launch specializes in advertising solution and talent according to description offered on its web site.The current proprietor of the residence Glenn Straub has however denied any information of an offer from a personal equity firm. He more extra that he was not in discussions with personal equity firms for selling the residence. Straub acquired Revel for $82 million in August 2015, bringing it out of bankruptcy. He has since renamed the residence as Ten but has failed to reopen it despite creating repeated announcements of deadlines to open.SNJ Right now Straub has been battling state gaming regulators in excess of the necessity of a license for internet hosting a third-celebration operated casino inside the house. In accordance to him because he is only acting as a landlord he does not demand a license. State regulators have even so insisted that the home can open only following Straub will get a license.Straub has appealed the decision with the Casino Handle Commission. He mentioned that if the appeal goes in his favor he would go ahead or else he would search for one more vendor. He has pointed out earlier that he might contemplate opening the residence as a stand-alone hotel.The failure to reopen has elevated pressure on Straub to sell, as worries increase that a portion of the Boardwalk spot stays idle notably when Atlantic City as a whole is witnessing a steady revival. Atlantic City Mayor Don Guardian stated final month that several investor groups had approached the government and expressed curiosity in the property.New Jersey Gov. Chris Christie also expressed support for the sale of the property and wants it new hands. In a radio address last month, he stated that Straub must sell the home considering that he has failed to supply on his guarantees. Straub has consistently denied the rumors of sale discussions but noted that all of his properties had been up for sale at the proper price tag. dewapoker88 Ahead of deciding on to obtain the closed Trump Taj Mahal, the group of traders led by .