Archive for Atlantic City
Revel Casino/Resort Makes it’s Debut
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At approximately 6:35 a.m. on the morning of April 2, 2012. Revel management and staff raised their glasses to mark the official soft opening of this city’s 12th casino, which many hope will turn the resort’s fortunes around.
Revel is the first newly constructed casino to open here since the Borgata debuted in July 2003. At 47 stories, it is New Jersey’s second-tallest building. It is the city’s first non-union gambling hall and Read More→
Revel Casino Will Help Transform Atlantic City, NJ
Posted by: | CommentsRevel Casino is a new type of destination resort. The amenities it will offer will help transform Atlantic City and revitalize the tourism to the area.
Here is a summary of what Revel Casino Resort has to offer:
- Resort size: 6.3 million square feet
- 47 stories high
- situated on 20 acres
- 1,898 guest rooms (all with ocean views)
- 14 restaurants with world class chefs
- a 31,000 square foot spa
- 55,000 square feet of retail shops
- 2 theaters (5,500 seats and 700 seats)
- 3 nightclubs and 1 dayclub
- at least 10 swimming pools
- a 150,000 square foot casino
- 2.5 acre sky garden
- dramatic views of the beautiful beaches and Atlantic ocean
To see a video on the new Revel Casino….A NEW KIND OF DESTINATION go to: http://www.youtube.com/watch?v=QgAwClHOw44&feature=related
Celebrated Iron Chef to Open 11,000-Square-Foot Restaurant at the Oceanfront Resort
Posted by: | CommentsThis spring, Iron Chef Marc Forgione will join Revel at its 6.3-million-square-foot beachfront resort in Atlantic City with the opening of American Cut. The restaurant will pair Chef Forgione’s award-winning, modern and signature take on fine dining with the comforts of the new American steakhouse. This marks Chef Forgione’s first restaurant outside of his Michelin-starred, eponymously named outpost in New York City. Read More→
Revel Secures Financing to Complete Construction
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Revel Casino Construction Site
Revel Entertainment Group successfully secured the financing needed to complete its half-built $2.8 billion casino project Thursday, ending months of uncertainty and potentially marking an upswing in Atlantic City’s economic future. Read More→
Revel Tax Deal Would Fund New Businesses & Old Landmarks in Atlantic City’s Inlet Area
Posted by: | CommentsOn Tuesday Governor Chris Christie announced that the Revel casino’s developers had been approved for an Economic Redevelopment and Growth grant, which would kick in once the casino is open and would return a portion of state sales and corporate tax dollars paid by Revel over 20 years on the condition they be used to further the project. Read More→
Governor Christie Signs Tourism District Bill
Posted by: | CommentsOn February 1, 2011, Governor Chris Christie signed into law major legislation to remake the resort’s tourism and casino industries. The bills will create a state-run Tourism District in the city and ease casino regulations. Read More→
Great News for Atlantic City – Revel Soon to Sign Financing Deal
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- Revel Casino Rendering
Sources very close to the Atlantic City casino, REVEL, say they expect to sign a financing deal on or around February 15. This is GREAT news for Atlantic City and the immediate area.
Looking Back at 2010 – Have We Reached the Bottom and Are We On Our Way Back Up?
Posted by: | CommentsEvery year I compile real estate statistics for the Downbeach area (Ventnor, Margate, Longport) & Atlantic City, and compare them to the previous year.1 So let’s take a look at the 2010 real estate numbers2 and see if the market was really as bad as most people are complaining it is. I was quite surprised with what I found based on all the negative noise about the market. Read More→
Eleven Reasons Why South Jersey Residents can be Optimistic about 2011
Posted by: | CommentsPosted: Friday, December 31, 2010 8:15 pm | Updated: 9:52 am, Mon Jan 3, 2011 at www.PressofAtlanticCity.com
By ELAINE ROSE, Staff Writer pressofAtlanticCity.com
After a stagnant year of recession woes and delayed projects, 2011 has the makings of a comeback year for South Jersey.
Everything from pending legislation that may create a state-run tourism district in Atlantic City to the renovation and reopening of Millville’s landmark Levoy Theatre to the expansion of The Walk retail outlets in Atlantic City gives area residents, business owners and government officials reason to believe 2011 will be a vast improvement over 2010. Read More→
The Senate Amends Two Atlantic City Gaming Bills
Posted by: | CommentsBy MICHAEL CLARK, Staff Writer of the Atlantic City Press | Posted: Monday, November 22, 2010 in the Atlantic City Press.
TRENTON – The state Senate voted on November 22, 2010 to amend two landmark bills that would outline the future of Atlantic City.
Atlantic City, NJ looking North from Ballys
The Senate had been scheduled to vote on bills that would create a district around Atlantic City’s casinos and major tourism areas, which would be managed by the Casino Reinvestment Development Authority (S-11) and would move casinos regulatory powers from the Casino Control Commission to the Division of Gaming Enforcement (S-12). That bill would alter about 250 casino regulations.
However, the Senate had to put off votes today because bills can’t receive final votes immediately after being amended on the Senate floor. The amendments to both bills were approved unanimously.
Under the changes, a group of casino executives known as the Atlantic City Alliance would partner directly with the Casino Reinvestment Development Authority to undertake a five-year national tourism marketing program.
Major changes to the bills include canceling a proposed tax break for casinos on complimentary vouchers. That move would restore close to $8 million in Casino Revenue Fund taxes for senior citizen programs. The amendments also create an advisory commission within the CRDA and maintain the Atlantic City Convention and Visitors Authority and the Atlantic City Special Improvement District as divisions of the CRDA, rather than abolishing them. Read More→
