Casino news source: Groove Volt - http://www.groovevolt.com
U2 TO BUY ATLANTIC CITY CASINO
According to a story posted at AC Gambler, Elevation Partners, a private equity group led by the members of U2 will purchase Trump Marina Hotel & Casino from Trump Entertainment in a deal estimated to near $550 million.
Though this is not Elevation Partners' first foray into the entertainment business -- the group owns restaurants, bars, and hotels in Ireland -- the purchase of Trump Marina will be the group's largest individual investment.
According to the AC Gambler story, the group plans to rename the property The Castle at the Marina. The group is also reported to be adding a 10,000-seat arena to the property.
The source who broke the story to AC Gambler said, "They’re planning on adding a 10,000 seat arena, which will serve several purposes. First, it will allow the band to have a permanent home on the East Coast of the United States, where it plans to perform between 30 and 50 shows a year. With 100 million people living within several hours of Atlantic City, the band expects to have no problem selling out several shows a month.”
Other changes to the property are reported to include:
Twelve new "super-luxury" suites, which will include full concierge service, a bar stocked with “at least 40” types of whisky, a dance floor, and a professional sound system manned by a DJ who will spin different mixes for each suite. In addition, before suite guests arrive the first time, they will be emailed a concert rider, which they will fill out with their specific requests and send back so that their rooms are stocked properly upon arrival. In addition, at Bono's request, there will be no fewer than 20 full length mirrors per suite.
New felt for all the gaming tables which will appear to glow thanks to the new overhead ultraviolet lights. New gaming chips that will resemble small records, with each denomination bearing a picture of one of the band’s album covers and the faces of the four members of the band will adorn the four kings in every deck of cards used at the gaming tables.
A new shopping and entertainment arcade, the Zoo Station, which will compete with Tropicana’s The Quarter. The 50,000 square-foot expansion will include a new steakhouse, The Unforgettable Fire; 11 O’Clock Tick Tock, a high-end watch boutique; Crumbs From Your Table, a dessert restaurant; Lemon, a tea and coffee shop; Pop Mart, a new gift-shop; Red Hill Mining Town, an Irish pub that “will make you think you’re in Dublin;" and a disco appropriately titled Discothéque. |
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