Another Legal Snag for the Transfer of the Revel Casino in Atlantic City
Glenn Straub, new owner of the former Revel Casino in Atlantic City hasn’t went down the easiest road to acquire the property. If the long drawn out battle to purchase the property wasn’t enough, another legal mishap is holding up the new owner from obtaining the former casino’s license. The New Jersey Division of Gaming Enforcement is saying that Straub must get approved for his own license to operate the casino.
The state claims that Glenn Straub is not authorized to retain the gambling equipment left in the casino, he must file and be approved for his own. New Jersey Division of Gaming Enforcement filed an objection in bankruptcy court which included the casino license.
“No transfer or assignment of any of the licenses, authorizations, approvals and certificates sought to be assumed and assigned by the Debtors’ motion can be ordered by this court,” the Division of Gaming Enforcement stated in the filing.
In order for Straub to keep the gambling equipment secure he must have a casino key employee licenses to take responsibility of the said equipment.
Although Straub started the motion to obtain his own license he hasn’t finished the processed as of yet. Straub hasn’t commented on the latest legal snag as of yet.