..

Judge Places Lien on Casino

Written by:
Guest
Published on:
Jun/14/2017

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

Business/Financial News

Ayre: CoinGeek Crypto Conference to Make a Little History

Ayre: CoinGeek Digital Currency Conference to Make a Little History

CoinGeek Live will be hosted in studios in New York and London and, for the first time, is designed for the online audience and is free to attend.  The virtual conference kicks off Wednesday September 30.

The War on Bitcoin: Arch Enemies Join Forces

The War on Bitcoin: Arch Enemies Join Forces

It appears the five year Civil War within the cryptocurrency space may finally be coming to an end, at least among some bitter foes, all focusing their attention on what they perceive to be the ultimate enemy, Bitcoin SV.

BuyBSV.com Now Offers Bank Transfers in US & Canadian Dollars

BuyBSV.com Now Offers Bank Transfers in US & Canadian Dollars

BuyBSV.com, powered by Coinify, are delighted to announce that ALL traders can now complete bank transfers to buy Bitcoin SV in USD, CAD & DKK in addition to the Euro and the British pound.

Why Online Gambling Companies Need to Incorporate Bitcoin SV

The gambling industry has a lot to gain by adopting Bitcoin SV, and they can learn how at CoinGeek Live. Jimmy Nguyen talks about what you can expect to see with CoinGeek's Rebecca Liggero.

CoinGeek Live Presents: Cashless Casinos: How Bitcoin Technology Offers A Better & Safer Gaming Experience

Live from studios in both New York and London experts from the iGaming industry gather to talk about the way forward for the casinos across the world. The conference will, naturally, be virtual but it is far more than just ‘Zoom-heads’ on a black background. This panel will not only offer interaction and questions form delegates but also be broadcast live from The Manhattan Studio (NYC) and Kennington Studios (London) from 10:15am EST on Friday, October 2nd. 

Syndicate