Most expensive casino in Atlantic City to re-open, says owner

A US$ 2.4 billion casino in Atlantic City, New Jersey, that has been shut down since 2014’s fall is going to re-open later in June, said the owner earlier this week.
Glenn Straub, the businessman from Florida, who purchased the casino previous year for 4 cents on the dollar, said Associated Press that part of that property would again start operating for business later this summer. Dining as well as hotel rooms would be available. He is also planning to have a gaming floor, though his license from state Division of Gaming Enforcement is still to be signed.
Straub’s thought are really reassuring for Atlantic City that has been dealing with bankruptcy and/or a state takeover of their finances. Revel was 1 of 4 casinos there to close in the year 2014. This has been a roller coaster for the most costly casino in the history of the city since Straub got hold of it.
He has been fined several times over the fire suppression arrangements in the shuttered casino, fought in court with the firm that furnished power to the facility and even thought just flipping over the casino to escape from its troubles. It was also thought to use this as a university and later to use it as temporary shelter for Syrian refugees.
When the property once again opens later this summer, in whatever capacity, it would not be named Revel. They have not yet decided a name for it.