Revel Reopening Delayed Over License DisputeState Considers Giving A Lower-Level License |
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The owner of Revel won’t be reopening the property if the state of New Jersey makes him get a full-fledged casino license, according to a report from the Associated Press.
Sometime after a plan to reopen hundreds of the closed casino’s hotel rooms on June 15 failed because Atlantic City said the property needed more inspections and permits, Florida-based developer Glenn Straub was told by the New Jersey Division of Gaming Enforcment that he can’t bypass getting a license.
Straub told the AP that he is acting as a landlord and is hiring a third party to run the property, and he believes he shouldn’t have to obtain a casino license himself. The report said that regulators are considering allowing the plan to move forward with Straub receiving a lower-level license.
“We have made a determination that he does need to be licensed,” a regulator to the AP. “The thought is it might be a lesser level of licensing because of his business plan, but the Division cannot make a final determination until his license application is complete.”
Straub has said that the property, which won’t be called Revel, will focus on non-gaming amenities and that gambling will be only a small part of its new business.
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