Tag Archives: revel

Revel Prepares
For Reboot in Year 2

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Revel11
Jeffrey Hartmann, Revel’s interim CEO, performed a nifty bit of multi-tasking as he testified before New Jersey’s Casino Control Commission this week. In making his case for why the commissioners should approve the struggling resort’s Chapter 11 restructuring plan, Hartmann managed to spear a hefty slice of humble pie with...
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A.C. Gaming Revenues
Down 12.1% in April

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DCIM100MEDIA
New Jersey’s monthly gaming revenue numbers for April told a now familiar disappointing story for Atlantic City’s casinos. For yet another month, Jersey Shore casinos saw a decline in gambling revenues. For April, the decrease was 12.1 percent from April 2012. The 12 casinos made $228.53 million in April compared...
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More Management Changes At Revel

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Like the waves rolling up on the beach outside its doors, the changes just keep coming at Revel. This week the struggling resort shed its top marketing executive after just six months on the job in favor of a casino consulting group. The Fine Point Group, led by former Harrah’s...
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Revel Makes Pitch
For Customers 50+

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Revel casino in Atlantic City is making a pitch for more, ahem, mature customers. Frankly, it was hard not to notice that much of the marketing for Atlantic City’s luxurious, but badly struggling, casino was conspicuously targeting a younger audience. After a disastrous first year that has included a Chapter...
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Some Signs of Life
In AC Revenues

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DCIM100MEDIA
A ray of sunshine has broken through the clouds casting a shadow upon Atlantic City’s tourism industry, but the stormy weather clearly isn’t over. http://www.phillygambles.com/ The New Jersey Division of Gaming Enforcement’s 2012 revenue figures show that, while casino revenue was down significantly for the year, the casinos did post...
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Revel Files
Chapter 11 Plan

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Reve15
The parent company of the Revel casino filed a prepackaged Chapter 11 restructuring plan on Monday that reduces its debt by more than 82 percent to $272 million through a debt-for-equity conversion. This means that the luxury casino resort’s management, with a new CEO Jeff Hartmann, can try to reverse...
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Open Letter to Jeff Hartmann:
Here’s How to Fix Revel

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As the struggling Revel files its Chapter 11 plan for restructuring its debt, it’s clear changes need to be made at the Atlantic City luxury casino-resort. Here, we offer 10 suggestions for Revel interim CEO Jeff Hartmann. No charge. Dear Mr. Hartmann: While many casino analysts and enthusiasts might cynically...
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New Revel Boss
Will Look at Expenses

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Cost-cutting may be at the top of the agenda for Revel. Atlantic City’s most luxurious casino and it’s biggest disappointment, the Revel has an interim CEO, Jeffrey Hartmann. He replaces former Revel CEO and its guiding influence, Kevin DeSanctis, who stepped down from the job as the gleaming $2.4 billion...
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DeSanctis out
As Revel CEO

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Published reports indicate Revel CEO Kevin DeSanctis and Chief Investment Officer Michael Garrity are relinquishing their day-to-day roles at the elegant yet troubled resort. According to an Associated Press report: “DeSanctis and Garrity will resign their positions with Revel Atlantic City but retain their jobs with Revel Group, the holding...
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