Tag Archives: glenn straub
- Atlantic City’s mothballed Revel/TEN casino reportedly sold
October 5, 2017
Confusion reigns over whether Atlantic City’s mothballed Revel casino has been sold, with the property’s owner saying one thing, and official documents saying the opposite. Revel was supposed to jumpstart AC’s struggling casino business when the $2.4b property opened with great fanfare in 2012. But gamblers never really took to...
- Trump name removed from Atlantic City’s Taj Mahal casino
February 15, 2017
The name ‘Trump’ is coming off Atlantic City’s Trump Taj Mahal casino because US President Donald J. Trump won’t stand to have his name associated with failure, at least, not the political kind. This week, the Press of Atlantic City broke the news that workers had removed the name ‘Trump’...
- Lesniak offers Straub lifeline on reopening Revel casino
February 8, 2017
A New Jersey state politician has introduced legislation that would make it easier for the new owner of Atlantic City’s shuttered Revel to reopen the property as a casino. On Monday, New Jersey State Sen. Ray Lesniak (pictured) introduced S3001, which would allow owners of Atlantic City hotels “to lease...
- Straub told he needs gaming license to reopen Revel as casino
January 31, 2017
Billionaire developer Glenn Straub needs to get a New Jersey gaming license if he wants to operate a casino at Atlantic City’s dormant Revel property. Straub, who purchased the bankrupt Revel casino hotel in 2015 and subsequently rebranded it as TEN, appeared at a meeting of the New Jersey Casino...
- Straub sues regulators over Revel gaming license
November 29, 2016
The owner of Atlantic City’s dormant casino Revel is suing New Jersey gaming regulators, claiming he doesn’t need a gaming license to relaunch gaming operations at the white elephant. Developer Glenn Straub, who acquired the bankrupt $2.4b Revel for a mere $82m in February 2015, sued the New Jersey Casino...
- Straub to reopen Revel as a casino; growing support for North Jersey casinos
January 20, 2016
A new poll shows increased local support for New Jersey legislators’ plans to authorize two casinos in the northern part of the state. On Tuesday, Fairleigh Dickinson University released a new PublicMind poll that showed 50% of state residents polled were opposed to New Jersey amending its constitution to allow...
New Jersey formally approves daily fantasy sports
August 25, 2017
New Jersey sells bonds to fund AC casino tax appeals
September 22, 2017
Atlantic City casino revenues down 2.7 percent
August 15, 2017