New Jersey gaming regulators are privately sounding like they have had about enough of Revel owner Glenn Straub who says his hopes for re-opening the stalled resort have been hampered by unnecessary requirements.
Straub has said he wants to lease the casino to an operator and he – the owner of the real estate – would only have landlord status.
The problem with that, according to regulators is that Straub had not yet identified the operator that he wants to put in charge of the casino, according to a source familiar with the licensing process who spoke on the condition he not be identified since he is not a spokesperson for the Division of Gaming Enforcement.
“The man is creating artificial deadlines that do not mean anything because he has not done the things that are required of him,” the source said. Straub said he wanted to open June 15, but he did not even apply for the necessary certificate of from the city occupancy until two days later.”
“This is just one more example of New Jersey’s anti-business attitude,” Straub grumbled in one New Jersey newspaper.
A lawyer familiar with the New Jersey process said, “Of course we want to see the jobs (at Revel) filled, but this guy has to step up and show a little respect for the process that was in place long before he ever came to town.”
The $2.4 billion Revel closed in 2014 or about two years after it was opened. Straub bought it out of bankruptcy for about $ 82 million.
Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: