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June 20, 2016

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.

An appeal on the decision has been planned.

Return to New Jersey Casinos.
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