Revel Atlantic City Could Become ‘Fire Risk’ Refugee Camp
Glenn Straub wants to take in up to 3,000 Syrian refugees at Revel but the town still considers the house to be a fire risk that is dangerous.
Glenn Straub, the eccentric Florida real-estate developer who bought the stricken Revel Casino in Atlantic City earlier in 2010, is providing to make it into a temporary refugee center.
Straub paid $82 million for the $2.4 billion property after the winner that is initial of bankruptcy auction, Brookfield Asset Management, pulled away from the offer.
However, the casino remains shuttered as Straub is mired in appropriate wrangles with Revel’s adjacent power provider.
Straub told KYW Newsradio that while the property was empty he desired to fill it with as much as 3,000 Syrian refugees whom would be welcome to stay for eighteen months.
The resort has 1,399 hotel rooms, but these wouldn’t be accessible to refugees; alternatively, they would be housed in Revel’s meeting rooms, which might be’ converted into living rooms.’
Straub did not mention if they would be in a position to use Revel’s two deserted nightclubs or swimming that is multiple.
$36 Million Energy Bill
‘They really just need someplace to place security, which we have,’ Straub explained. ‘ I don’t discover how thousands of cameras and security areas, magnetic locks and everything that a casino has that we can [use to] keep people that people wouldn’t want wandering around into the communities.’
Straub said that he had reached out to ‘presidential candidates’ to this effect.
The US state Department told the radio section that it was unaware of Straub’s proposal but it would be ‘pleased to put his offer or every other concerned American in touch with their local resettlement agency, which provides possibilities to assist refugees who are resettled inside their communities.’
However, the little issue remains that Revel was recently branded a huge fire risk by the Atlantic City Fire Department.
Straub is refusing to pay the property’s astronomical energy bills, which stay at a mind-boggling and apparently non-negotiable $36 million a year.
In contrast, the Borgata’s power bill is about $12 million per year, despite having nearly doubly numerous rooms in hotels and a larger gaming floor.
Dangerous Fire Hazard
Revel’s power plant was built specifically for purpose utilizing the casino as its sole customer. Revel AC Inc began building the plant when work started on the casino resort in 2008, but when it ran out of money, the plant ended up being taken over by ACR LLC.
In return for bailing Revel out, the brand new owners demanded a 15 per cent return on their equity in the first 5 years and 18 percent from then on.
Straub is refusing to honor the contract and so Revel’s power has been cut. The fire department warned that, with no water flowing through the building’s pipes, and no electricity to allow firefighters access to the top floors, a fire outbreak could possibly be potentially catastrophic.
Straub is powering the home through the use of portable generators, which city inspectors have said is dangerous by itself. The town is fining the property tycoon thousands of dollars for each that Revel remains shut off from the power plant day.
Straub has stated that he would like to variously reopen revel, as an elite university, a casino devoted to life-extension science, now an ‘extreme sports center.’
Maryland Casino Revenues Increase 9.2 Percent in October
The Horseshoe Baltimore Casino located south of the city center has rebounded after last springtime’s protests, gambling as a whole jumping for many five Maryland casino areas. (Image: Al Drago/Baltimore Sun)
The Maryland casino industry is flourishing, their state’s Lottery and Gaming Control Commission releasing economic data for last month that proves residents and nearby residents are enjoying the conveniences of experiencing gambling venues based in the Mid-Atlantic region.
Casino revenue statewide totaled $94,760,583 for the of October, a 9.2 increase year-to-year month. The growth represents an additional $7.9 million in returns for the five venues.
Gaming Atlantic President and Chief Analyst Dr. James Karmel told the Baltimore Sun that the figures verify the ‘continuing strength’ of Maryland’s gambling industry. ‘Maryland is still well positioned to attract players that are new’ Karmel reported.
Five of a sort
Possibly the most promising revelation from the statistics is that it’s not 1 or 2 casinos thriving but all five.
Casino October Revenue Percent Increase
Ocean Downs$4.7 million13.0
Rocky Gap$4.2 million10.8
Horseshoe Baltimore$24.7 million9.8
Maryland Live!$55 million9.3
Hollywood Perryville$6.2 million1.6
The strong financials are highlighted by a return that is positive the Horseshoe Baltimore, the Caesars-owned home positioned in the city’s south side rebounding from final April and might’s protests that captivated the country and discouraged outsiders from visiting the downtown metropolis.
The Horseshoe opened in August of 2014 to rave reviews and also the revenues quickly accompanied.
In March, the casino brought in $25.7 million. The following two months it only generated $22.9 million and $21.9 million as tensions caused less visitors to travel into the Inner Harbor and surrounding areas.
Its resurgence is a good sign maybe not just for the gambling community but the general community of Baltimore along with tourism is reportedly time for Charm City.
Atlantic City Impact
September had been a month that is exceptional gambling in Atlantic City, the addition regarding the whole Labor Day holiday leading to an 11 percent enhance for the eight remaining casinos.
However, year-to-date the industry continues to be down 8.4 % as the former gambling mecca of the eastern coast continues to struggle.
Casinos operators have very long blamed gambling legalization on behalf of neighboring states as the leading cause of the city’s demise. No longer do residents in Pennsylvania, Maryland, or Delaware need certainly to travel to Atlantic City.
And if neighboring residents do indeed travel to Atlantic City, they’re rather unlikely to go back as the once-glistening resort town is just a shell of its past self.
‘It’s therefore sad to see exactly what’s occurred,’ GOP 2016 frontrunner Donald Trump told The Daily Beast last December. ‘I left years ago. I got extremely lucky. My timing was fantastic, through luck or talent, I’m not sure.’
An excursion to Atlantic City today is much like traveling down memory lane, a few associated with the Boardwalk’s crown jewels sitting unoccupied and silent.
Nj-new jersey’s Division of Gaming Enforcement typically releases its gaming data in the centre of the month.
Just then will Atlantic City identify if the strong reports from Maryland represent an increase in gambling countrywide, or if it simply represents Maryland natives home that is staying their gambling entertainment.
Pro-RAWA Kindt Calls for US Ban on Slot Machines
Professor John Kindt, who testified for RAWA at the recent congressional hearing, thinks that gambling harms the economy. (Image: news.illinois.edu)
John Kindt, Professor of Business and Legal Policy during the University of Illinois and vocal campaigner that is anti-gambling has called on the federal government to ‘re-criminalize’ electronic gambling machines (EGMs).
Writing an op-ed for the Southern Illinoisan, Kindt, who recently took the stand to testify for RAWA at the recent hearing that is congressional claims that the economic benefits of gambling enterprises are far outweighed by the social expenses.
‘Gambling’s lobbyists allege brand new tax revenues, but academic studies indicate that the expenses of the crime that is gambling-caused bankruptcies, and other new social costs to your taxpayers are in least $3 for every $1 in brand new tax income,’ he writes.
‘In many states, the tax revenues are slowly siphoned far from education and teachers and back in to gambling’s insiders, such as the New that is recent York scandal where $1.7 billion ended up being allegedly misdirected.’
Unusually, for the scholastic, Kindt makes reference that is vague ‘studies,’ without citing sources, as in the quote above, and right here: ‘Studies confirm that student populations are especially at risk of EGM gambling addiction and will get addicted at twice the adult addiction prices.’
While we’re happy to take the great professor’s word we should aim down that at the RAWA hearing he had been partial to quoting from a research that concluded that ‘internet gambling may not be regulated. because of it,’ It is an ancient study from 1999 and the days of dial-up internet, whose authors were maybe not well placed to know the bigger picture.
In his op-ed Kindt claims that the US National Gambling Impact Study, additionally published in 1999, labelled slots, or even more specifically EGMs, since the ‘crack cocaine’ of gambling.
However, this is disingenuous; the study makes no claim that is such merely quoting a viewpoint of psychologist Dr Robert Hunter, who referred to it as a result in 1992.
Kindt also states that the United States National Gambling Impact research ‘concluded that any continuing states with EGMs convenient to the public required to re-criminalize those machines.’
Except it made no recommendation that is such. It just recommended that Congress should instigate ‘analysis of the development of gambling difficulties connected with electronic gambling devices (EGD’s) as well as the risk factors that accompany this evolution for clients most most likely drawn to this form of gambling.’
‘EGMs shrink the buyer economy, denigrate quality of life, enhance fees, and stigmatize governments,’ concludes Kindt. ‘Governments must change their image, re-criminalize EGMs, and ‘grow the economy’ to attract consumer that is new, Otherwise, EGMs and associated gambling proponents will continue to deteriorate local and state economies.’
Kindt’s main assertion, that gambling does not contribute to the economy, remains a hotly debated point.
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