New Jersey Gaming Regulators Being Sued by Revel Owner Glenn Straub
Dormant Revel Casino owner Glenn Straub has filed suit against the New Jersey gaming regulators. Straub is suing regulators because Straub claims that regulators are saying he doesn’t need to obtain a gaming license to reopen the gaming operations of the once casino resort.
Straub’s suit claims that Revel’s plan to revive itself is to offer casino activities his role won’t be anything less than a ‘landlord’ one with third party vendors running the property not him. Straub reassures regulators that he will “have no involvement in the casino’s operations other than a lessor”.
Straub acquired the bankrupt property back in February 2015 for $82 million, and has incurred nothing but trouble since the purchase. Straub filed suit this week with the Atlantic County Superior Court.
Regulators are demanding that Straub obtain a license from the state if he plans on re-opening the property, but Straub says he rebranded the property under the name Ten. Straub’s attorney released a statement saying he has “spent a lot of time, effort and money in trying to make Atlantic City great gain, but instead of bending over backward to help Straub breathe new life into the shuttered Revel.” He also added that the CCC was “creating roadblock after roadblock.”