Glenn Straub, who purchased the shuttered property, that was rebranded in September as TEN, in August 2015 for $82 million, said last month that he wanted the boardwalk property to be open for Presidents Day weekend. Straub, however, reportedly told The Press of Atlantic City on Friday that unless he was able to sell liquor; those plans would be on hold.
In a telephone interview with the news agency on Friday, the 69-year-old Florida real estate developer reportedly told them, “Who wants to stay in a hotel and eat at a restaurant that doesn’t have liquor?” Straub added, “Once we get that, we can open within 24 hours. The state is holding up everything. We are waiting on them.”
In addition to the liquor licenses, TEN is also waiting for health inspections for its restaurants, pools and spas, and a mercantile license, according to the report. For the past few months, Straub has said that state rules and regulations have been holding up the reopening of the property.
For the past few months, Straub has said that state rules and regulations have been holding up the reopening of the property, however, this isn’t the first missed deadline. Last year Straub reportedly said that the shuttered property would reopen by June 15.
The Press said that the doors at the property still remain boarded and Revel signage is still featured above its Boardwalk entrance. And that despite that claim that TEN would be opening, hotel booking sites such as Hotels.com did not include the listing.
Earlier this month, New Jersey Senator Ray Lesniak introduced legislation that would reportedly make it easier to re-open the property. The legislation is on the heels of Straub being told by the New Jersey Casino Control Commission (NJCCC) that he would need a New Jersey license before being allowed to launch the rebranded property.
In April 2012 the Revel Casino Hotel opened on the Atlantic City boardwalk at a cost of $2.4 billion. After two years and two bankruptcy proceedings, the casino was shut down. In addition to the casino, the property features 55,000 square feet of retail space, 13 restaurants, a 7,000-space parking garage, and a 32,000 square foot spa.