Kevin DeSanctis, the man who guided Atlantic City’s Revel casino-hotel through its tortuous development, only to see it struggle in the cutthroat East Coast gambling market, is stepping down as head of the $2.4 billion resort.
The Meruelo Group of Downey, Calif., plans to close the deal by May 31. It is the lowest price ever paid for a casino in Atlantic City.
Revel was supposed to help the struggling Atlantic City market turn around. Instead, it is the struggling casino-hotel that needs help turning around.
Gaming Control Board spokesman Doug Harbach says this is not a public input hearing. In fact, even the board members will mostly just listen as the applicants for the casino license make presentations.
Congressman Brady and others are backing a plan in which Penn National Gaming would run the second casino, and two-thirds of the revenues would be channeled through a non-profit to the struggling school district and the pension fund.
Pennsylvania’s casinos beat out Atlantic City’s gambling palaces for overall gaming revenue in 2012.
State gambling regulators say gross revenue from slot machines was up 2.7 percent last year.
Superstorm Sandy, which caused a record-setting decline in casino revenues in October, may have done the same thing in November.
Six operators of casinos are in a race for a second casino site in Philadelphia, as they face an application deadline this week.
One of the proposed locations for a second Philadelphia casino would place it blocks away from the first one, Sugarhouse, on the Delaware River Waterfront. And a local advocacy group has concerns.
Casino mogul Steve Wynn once again has big plans for Philadelphia.
There are a lot of casinos in our area now, and when you visit one you know you’re being watched. But you may not realize how closely you’re being watched. With hundreds of high-tech cameras, security now can see nearly every move you make – from an elevator, to a hallway, to the parking garage, even the street outside, they are watching.
Detectives say that on four occasions, people were followed as they drove home in the wee hours of the morning.
A man was seriously injured after falling approximately 40 feet from an escalator at a casino in Atlantic City early Monday morning.
A Delaware man was arrested after police say he stole $8,500 in gaming chips from Delaware Park.