NJ: Court can't transfer casino license to new Revel owner
Another day, another difficulty for the new owner of Atlantic City's former Revel casino.
New Jersey's Gaming Enforcement Division said Glenn Straub's Polo North Country Club cannot simply assume Revel's casino license in bankruptcy court.
The casino regulators said Straub must be approved for his own license to operate a casino, adding he is not currently authorized to possess gambling equipment such as the slot machines still inside the building.
As soon as power is restored to the building, which is expected later this week, Straub must have an employee with a casino key employee license on premises to take responsibility for the gambling equipment and plans for keeping it secure, the state ordered.
The Florida developer bought Revel on April 7 for $82 million.
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