Of the two, the second marquee is definitely stronger. The Barskade text stands out more, and it more resolved as a separate design element (meaning it could almost stand alone) than the metal Barskade text up above.
The colors are bothering me. Blue is Orange's compliment, but I don't like the blue treatment on the marquee mostly because you have Fire imagry and the blue serves to cool everything down. Not to mention, as was said before, it is hard to read. Not to mention, the fire is a strong image, powerful, but yet it's opacity is knocked down and the strength is lost.
I would follow the suggestion up above and go with some creative border, more than the layer styles in Photoshop, maybe actually rubber stamp or create from hand - fire around the subtitle and I would maybe try a black drop shadow on the Barskade text and then bump that fire all the way up in opacity. I think something about the grey metal may need to be done also,....I think the first thing I would try it to make it less bright grey, and play with your contrast and adjustments to get it to be more of a translucent pattern / charcoal colored.