Straub: red tape discourages investment in Atlantic City
Developer Glenn Straub speaks to reporters after a hearing at the New Jersey Casino Control Commission in Atlantic City N.J. on Wednesday Jan. 11
Developer Glenn Straub says “abusive” red tape from New Jersey casino regulators is preventing people from investing in Atlantic City — even as he sues those regulators over what level of permission he needs to reopen the former Revel casino.
Straub wants to reopen Revel as the renamed Ten casino resort. But because he’s leasing the premises to an outside casino operator, Straub insists he shouldn’t need a costly, intrusive casino license.
The state Division of Gaming Enforcement disagrees, and Straub wants the state Casino Control Commission to decide the issue.
Straub is suing the commission, asking a judge to order it to rule that he doesn’t need a casino license.
He plans to reopen Ten next month if things go his way.
If not, further litigation is in store.
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