Category: XSlots

No Smoking Revel Going Up in Smoke with Bankruptcy

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No Smoking Revel Going Up in Smoke with Bankruptcy

Simply days in short supply of a year because it launched to great fanfare, Atlantic City’s no smoking casino experiment Revel is looking to file for bankruptcy, according to federal securities regulators’ disclosure statements the casino filed early in the day this week. Through the magic of high finance sleight-of-hand, some $1.5 billion in staggering financial obligation will now be converted into $1 billion in equity for the casino’s eager creditors, and a brand new CEO, Jeffrey Hartman (previously of the Mohegan Sun in Connecticut) will take the reins over of the faltering mare.

Resignations Are a Whole Lot

Hartman gets control of for recently departed Walk of Shamers ex-CEO Kevin deSanctis and Chief Investment Officer Michael Garrity; thankfully, this isn’t Japan, or there would be intestinal entrails from the penthouse to your parking lot by now. Nope, this is America, where a smartly negotiated contract whenever you sign up gets that you well-paid ride when you are axed; therefore DeSanctis and Garrity not just reach stay on with the Revel brand, they could additionally look forward to about $7 million in consulting fees for the remainder year. Is that each or together? We’re maybe not sure, but our hat goes off to their lawyers: well-played, counselors, well-played!

Smoke Signals

Although Atlantic City overall was in a nosedive that is financial (attributed to everything from Hurricane Sandy to a not clear marketing

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Private Casino, Sir? Bellagio Raises the Bar for High-Roller Offerings with Villa Privé

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Private Casino, Sir? Bellagio Raises the Bar for High-Roller Offerings with Villa Privé

Massive penthouse suites, personal butlers, professional chefs gourmet that is preparing right in your living space: that’s nothing new to your high-rollers, (aka ‘whales’) of the gambling universe. Individuals who can manage to gamble anywhere from high six-figures right on into the millions expect to be courted such as the chick that is hottest in the class by casinos all on the globe, and to the victor go the spoils. Once you’re prepared to blow a half-million over a weekend’s gambling foray, casinos will become more than happy to make it as pleasant an experience as possible, and nobody does this better than the casinos of Las Vegas.

But now Bellagio, long-known as you of Sin City’s swanker joints, is offering something that simply might create other casinos look a tad bourgeois: for an amount, you could have an entire casino designated just for you as well as your hand-selected, carefully monitored guests.

$300,000 Minimum to Book It

This sort of extravagance doesn’t come cheap, however. ‘The customer must be ready to risk $300,000,’ said Debra Nutton, senior vice-president of casino relations at the Bellagio, in which the decadent salon that is private called Villa Privé, is located far from the hoi polloi, on the resort level’s exclusive Villa grounds.

Turns out that’s not even the casino being greedy; it’s due to strict gaming regulations that control private

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