TEN Casino, the former Revel, has been closed since September 2014, but property owner Glenn Straub has managed to keep it in the headlines.
Straub is locked in a heated fight over licensing that has kept the property’s doors locked far longer than he would have liked.
No resolution is in sight, but TEN did launch a social casino website, Play.TenACNJ.com. This could very well be the precursor to a real-money New Jersey online gambling site … if TEN ever reopens.
New Jersey officials have rejected Straub’s requests to forego the licensing process. A bitter fight has ensued, complete with lawsuits and plenty of mudslinging from Straub.
Straub maintains that he will be a “landlord” while a third-party company runs the casino, so he objects to getting a license.
“You can’t bring money into this city,” Straub told the AP in January. “Why do you think [billionaire investor] Carl Icahn backed out of his casino? It’s going to make all investors coming into Atlantic City think twice. We’ll see how long it takes Icahn to sell his property.”
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