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The latest poker news from, featuring top stories from around the gambling industry.
The owners of TEN casino, formerly known as Revel, have been slapped with a $62,000 lien for unpaid fines. The claim was issued by New Jersey Superior Court Judge Julio Mendez this week for sums of money owed dating back to 2015.
According to Florida-based developer Glenn Straub, owner of the former Revel, he should not be responsible for the fees in question since the state Casino Control Commission is blocking the reopening.
Straub also asserts that he should not have to obtain a gaming license in New Jersey because he plans to lease the TEN gaming floor to a third-party operator. Unfortunately for Straub, that is not the way the law is written in New Jersey – any parent company in control of a gambling operation must apply directly for a casino license.
Straub missed his most recent self-imposed reopening deadline earlier this month due to this stalemate with the state. As June approached Straub said it was pointless to open the property without a functioning casino.
With Straub’s refusal to pay fines, reopen as a hotel resort, or play by any of the rules in Atlantic City, rumors that he and his company Polo North plan to sell the property are gaining traction. Both Atlantic City Mayor Don Guardian and New Jersey Governor Chris Christie have opined on the matter, and neither said they hope Straub will stay.
“I’m hoping quite frankly that he sells it because in the end he just hasn’t been able to deliver,” said Christi on his radio show in April.