Revel Casino No Power and No License


Posted on the 28th of April 2015

Revel Casino No Power and No License

As if having the power to the building turned off wasn’t a big enough problem for Straub, the new owner of Atlantic City’s former Revel casino, now Straub must also apply for a casino license in order to operate the casino. The license that was held by the former owner of the casino complex cannot just be transferred across to the new owner through a bankruptcy court. New casino license applicants must complete the necessary paperwork to apply for a casino license, and they must undergo a a lengthy background investigation by the gaming enforcement division who decide whether to grant or reject the casino license application. A gaming enforcement spokeswoman said that Straub has filed some of the paperwork required to apply for a license, but the application is not yet complete. However, Straub must firstly restore power to the building before he can acquire a casino license. Last week ACR Energy Partners and Straub agreed to a temporary two week deal to re-power the building, which cost Straub $262,500.

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