Revel casino license cannot be bought

AC Ocean Walk LLC, a company run by Colorado businessman Bruce Deifik, is poised to take over Revel Casino in Atlantic City.. Press of Atlantic City reported on Monday that a Moody’s credit report indicates the company is plans to spend $375 million to buy and reopen the former Revel Casino Hotel.. The Moody’s report cites financial documents needed to secure the loans, not a record of sale.

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Revel Casino Offers Gamblers “If You Lose, We Will Give It All…

Disclosure Statement for the Joint Plan of Reorganization of Revel AC ... The Debtors cannot assure you that the disclosure statement, including any ...... On March 26, 2012, the Debtors were granted its gaming license by the New Jersey .... the “Warrant Holders”) to purchase 1,000 shares of common stock of Revel ... Atlantic City Eminent Domain - Birnbaum - Institute for Justice

Revel Casino owner blames giant seagulls for broken…

Florida developer Glenn Straub's Polo North Country Club bought the former Revel Casino Hotel in April for $82 million. ... said in a court filing this week that Revel's casino license cannot be ...

Camelot Hotel/Casino - Wikipedia

Shuttered Revel casino in Atlantic City to reopen in May. It never came close to turning a profit. Straub bought it for $82 million from bankruptcy court, but fought with state officials over whether he needed a casino license. Deifik says it will be renamed the Ocean Resort Casino. He says it should open in May,...

Another day, another difficulty for the new owner of Atlantic City’s former Revel casino. New Jersey’s Gaming Enforcement Division said Glenn Straub’s Polo North Country Club cannot simply assume Revel’s casino license in bankruptcy court. The casino regulators said Straub must be approved ...

Revel Casino License Can’t Be Transferred to Straub. The New Jersey Division of Gaming Enforcement (DGE) has now said that Straub and his firm, the Polo North Country Club, cannot take ownership of the Revel’s casino license through bankruptcy court proceedings. Instead, they say, he would need to apply for his own license before he could reopen the casino. Revel not likely to reopen this summer, new owner says ... Straub also faces another issue: the state Division of Gaming Enforcement said in a court filing this week that Revel's casino license cannot be transferred to Polo North. NJ: Court can't transfer casino license to new Revel owner ...