The planned reopening of the Revel Casino has been postponed.
Wednesday was the planned opening date. However there are inspections that still
need to be approved and a certificate of occupancy is also needed. Also a casino
license has not been issued and the New Jersey Division of Gaming Enforcement
will not allow the casino to open.
The casino was purchased last year from bankruptcy court by Florida businessman,
Glenn Straub. The purchase price was $82 million. When the casino opened in
2012, it had originally cost over $2.4 billion.
Straub has stated that there is a casino management group that will be running
the casino. He is only the landlord and the property owner. He does not believe
that the license is needed in order to open.
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