![]() “If they rule against us, maybe we will have to look for someone else.” “If they rule in our favor, we will open the casino,” Straub said. ![]() The state’s Casino Control Commission, however, ruled Straub needs full licensing. Straub says he does not need a New Jersey casino license to re-open a casino at the property as he only intends to lease the space to a casino operator. Straub’s latest battle over the property has dragged on for months. Straub bought the Revel for $82 million in bankruptcy court in August 2015, but so far has gone from one legal or regulatory battle after another and not been able to open any portion of the property, despite announcing several opening dates.ĭigital Launch says it is a development and management firm that designs and implements strategies to effectively market product and talent through both the hard goods and digital commerce landscape, according to its website. “I don’t know any private equity firms,” Straub said. Straub, however, told the paper he has received no such offer. The offer comes from a New York City-based private equity firm according to Alex Fredericks, director of operations for Digital Launch, the company representing the firm. Developer Glenn Straub has been offered $220 million for his Ten casino property-formerly the Revel casino-according to a report in the Press of Atlantic City.
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