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Revel Casino Owner's Newest Idea For Property Is To House Syrian Refugees

Shuttered Casino Still Sits Vacant In Seaside Town

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The owner of the shuttered Revel casino in Atlantic City told the Associated Press this week that he’d be willing to house Syrian refugees at the most expensive casino in New Jersey history.

“We treat our dogs better than we treat the Syrians right now,” real estate developer Glen Straub said, in reference to the ongoing civil war in the country. “If the government wanted to house Syrian refugees, I’d give them use of the building and let them put those people there.” Straub reportedly hasn’t contacted the feds about the proposal.

The casino was sold to Straub’s Polo North for less than four cents on the dollar this past spring. Revel cost $2.4 billion to build and required help from the state.

Straub has been fined numerous times over the casino’s emergency systems amid an ongoing legal battle with the company that supplied power to the casino when it was open.

He has also indicated that he is willing to sell the casino for $200 million.

 
 
Tags: Revel,   Atlantic City
 
 

Comments

pokertruth
almost 7 years ago

As an overnight stay hotel only (no casino) with 1400 rooms the Revel can charge about $125 per night per room first come first serve seven days a week. That would be $175,000 per night or $1,225,000 per week or $63,700,000 per year. They would recoup their investment within five years. The AC hotel-casinos are ripping off the public at hundreds of dollars per night and they are 100% booked.

 
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AceupmySlv
almost 7 years ago

^^What are you talking about? I get free rooms at the Borgata anytime I want, including prime time weekends, and I only play there once every few months. I also only play poker with a very small amount of low limit tables games with my wife for entertainment. Any moderate size player can get free rooms pretty much anytime they want in AC, so I have no idea what you are talking about in reference to several hundred dollars per night per room. I would say at least half of the rooms at the casinos are given out for free or at a very reduced cost, or the players would not come to AC anymore with all of the options available nowadays.

 
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