Arguably one of the casino industries biggest business disasters, the nightmare that is the Atlantic City Casino’s now defunct Revel continues.
Superior Court Judge Judge Julio J. Mendez has placed a $62,641 lien on the former Revel casino, now known as TEN, for unpaid 2015 Casino Reinvestment Development Authority Special Improvement District fees. Glenn Straub now owns the property through his company Polo North Country Club Inc.
They are required to pay within 90 days or face having to pay legal fees associated with the case.
“While the authority would prefer to resolve such claims amicably, Polo North refused to pay its SID Assessment and, ultimately, failed to comply with a court order compelling payment,” said Chris Howard, executive director of the authority.
From the Atlantic City Press:
Straub did not return calls seeking comment on the ruling.
The ruling came as Straub missed another self-imposed deadline to open the 6-million-square-foot property. Last week, Straub said he would not meet the deadline as he waits to open a casino there.
State gaming officials have told Straub he is required to get some type of gaming license if there is going to be a casino on the property, but he maintains he shouldn’t be required to apply for one since he’s leasing the casino area to a third party.
Straub has appealed the Casino Control Commission ruling that required him to have some level of casino license. He has said he is waiting on the court’s decision in the case.
Straub has been stalling in regard to opening the property over the past years since it was shuttered.
- Aaron Goldstein, Gambling911.com