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Les Mills
Les Mills
Les Mills
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Atlantic City waterpark deal hanging by a thread after complications arise

Plans to build a mega resort centred around a giant waterpark on the site of a former US$2.4bn (€2bn, £1.6bn) casino have hit a major stumbling block after the lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight 16 February deadline to complete the purchase.

Florida-based real-estate developer Glenn Straub wanted to buy the Revel Casino for US$94.5m (€81.5m, £62.3m), after a US Bankruptcy Court judge approved the sale. As part of that sale, Straub was looking for no obligation to existing leases held by the bars, clubs and restaurants that operated inside the hotel, according to court papers.

But under a stay of the sale issued by district judge Jerome Simandle, it is not clear if those businesses are included in the purchase price from Straub.

“We're not closing by midnight tonight. That I can guarantee," said Stuart Moskovitz, Straub's attorney.

Michael Viscount, a representative for Revel told reporters at a court hearing that there were “no contingencies” for the sale going forward and that the casino needed to “come up with Plan C really quickly.”

If the waterpark plans go through, the attraction will combine family-friendly amenities with some small adult gambling areas in the form of the rebranded Revel. The waterpark will be built at a cost of US$108m (€93.1m, £71.2m) and will be both inside and out to create a year-round prospect.

Plans to build a mega resort centred around a giant waterpark on the site of a former US$2.4bn (€2bn, £1.6bn) casino have hit a major stumbling block after the lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight 16 February deadline to complete the purchase.
TAW,VAT
746154_758886.jpg
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News

Atlantic City waterpark deal hanging by a thread after complications arise

Plans to build a mega resort centred around a giant waterpark on the site of a former US$2.4bn (€2bn, £1.6bn) casino have hit a major stumbling block after the lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight 16 February deadline to complete the purchase.

Florida-based real-estate developer Glenn Straub wanted to buy the Revel Casino for US$94.5m (€81.5m, £62.3m), after a US Bankruptcy Court judge approved the sale. As part of that sale, Straub was looking for no obligation to existing leases held by the bars, clubs and restaurants that operated inside the hotel, according to court papers.

But under a stay of the sale issued by district judge Jerome Simandle, it is not clear if those businesses are included in the purchase price from Straub.

“We're not closing by midnight tonight. That I can guarantee," said Stuart Moskovitz, Straub's attorney.

Michael Viscount, a representative for Revel told reporters at a court hearing that there were “no contingencies” for the sale going forward and that the casino needed to “come up with Plan C really quickly.”

If the waterpark plans go through, the attraction will combine family-friendly amenities with some small adult gambling areas in the form of the rebranded Revel. The waterpark will be built at a cost of US$108m (€93.1m, £71.2m) and will be both inside and out to create a year-round prospect.

Plans to build a mega resort centred around a giant waterpark on the site of a former US$2.4bn (€2bn, £1.6bn) casino have hit a major stumbling block after the lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight 16 February deadline to complete the purchase.
TAW,VAT
746154_758886.jpg

News

Anytime Fitness UK has unveiled a ‘Panel of Health’, tasked with supporting its members during
Everyone Active is offering a month’s free trial of its digital Everyone On Demand service
The physical activity sector is in need of bespoke and substantial financial support in order
Sport England has vowed to tackle inequality and create a nation of "more equal, inclusive
Fitness instructors, personal trainers, coaches and other self-employed physical activity workers in Wales are being
Sign the petition by clicking here. HCM editor, Liz Terry, has launched a Parliamentary Petition
Miha Bodytec GmbH
Miha Bodytec GmbH
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MyZone Group Ltd
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Member engagement software provider The Retention People (TRP) has unveiled the winners of its annual
Less than half (44.9 per cent) of children and young people in England met the
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1 - 20 of 11,759
HCM Magazine
Sponsored
Technogym introduced live and on-demand functionality to Mywellness in July. Here we find out more about operators who have adopted this solution
HCM Magazine
Active ageing
With many older people in crisis due to the pandemic, ukactive’s head of health and wellbeing development, Kenny Butler, explains why the organisation is launching an active ageing consultation and how you can get involved
HCM Magazine
Sponsored
Deansgate Square, the newest residential star on Manchester’s impressive skyline, is a fitting home for some of the city’s most stylish health and fitness facilities, with specialist acoustic flooring by TVS Group
HCM Magazine
Research
New research from the Karolinska Institutet in Sweden, has established why people who exercise when suffering from cancer generally have better outcomes
HCM Magazine
HCM People
Having someone just feeling comfortable walking into the gym is important
HCM Magazine
Sponsored
Ruskin Fitness Club has transformed its gym in partnership with Technogym, adding the new Excite Live line, as well as dedicated workout zones
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News report
A new study from the Global Wellness Institute highlights the scope of the $121bn mental wellness market, as Katie Barnes and Megan Whitby report
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I used to worry about competition, but today, I have such confidence in our new business model I don’t feel worried. The rest of the market can try to compete, but our clubs will be in a different league
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HCM People

Nick Whitcombe

Founder, Body Tech Fitness
I’ve been in the industry for a decade and it’s the first time I’ve seen it truly unified from the top to the bottom
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Featured supplier news
Featured supplier: Storytelling - the future of fitness content
Heading into 2021, storytelling will be a key trend among fitness content creators and connected fitness providers, as the industry recognises its potential to unlock ultra- engaging experiences that boost retention.
Featured supplier news
Featured supplier: The Retention People unveil 2020 Member Experience Awards winners
Member engagement software provider The Retention People (TRP) has unveiled the winners of its annual 2020 Member Experience Awards (MEA).
Company profiles
Company profile: TRX Training UK
TRX provides world-class functional training by offering quality equipment, effective workouts and world-class education capable ...
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Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Spa software
SpaBooker: Spa software
Uniforms
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Member feedback software
AskNicely: Member feedback software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Exercise equipment
Matrix Fitness: Exercise equipment
Fitness equipment
Precor: Fitness equipment
Skincare
Comfort Zone - Davines S.p.A: Skincare
Trade associations
International SPA Association - iSPA: Trade associations
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
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21-24 Sep 2021
Messe Stuttgart, Germany
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tbc, Dunedin, New Zealand
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Les Mills
Les Mills