Developer Glenn Straub loses bid to avoid casino license for former Revel

A developer who wants to reopen the former Revel casino has lost his bid to be exempt from having to get a New Jersey casino license.



The Casino Control Commission ruled Tuesday that Glenn Straub has to be licensed, even though he plans to have a different company run the Ten casino resort.



Straub says that he will fight the issue in court and the he doesn't want to subject his company to regulations from the state board.



He says he will open the property as a hotel on Feb. 20. But Division of Gaming Enforcement Director David Rebuck says that the opening of a casino is "not even remotely imminent."



Straub purchased the $2.4 billion property in 2015 for $82 million in bankruptcy court.


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