Colorado firm attempts Revel casino acquisition

Atlantic City Revel Casino acquisition


The company filed an agreement of sale with the Atlantic County Clerk’s Office in order to acquire the Revel Casino Hotel.

US.- According to a notice of sale filed on August 31, the current owner of the formerly named Revel Casino Hotel, Glenn Straub, has agreed to sell the property to a Colorado-based company associated with Mile High Dice MGR, LLC.

The firm filed an agreement of sale with the Atlantic County Clerk’s Office in order to oficialise the acquisition attempt. The agreement includes the casino and the power plant, as Press of Atlantic City reported. The manager of Mile High Dice MGR is Bruce Deifik and he would become the manager of the TEN RE ACNJ is the acquisition gets the necessary approvals.

Whilst Difik refused to make a comment on the sales agreement, the documents reported that “Polo North Country Club Inc., a Florida Corporation, and Ten RE ACNJ, LLC, a New Jersey limited liability company, are parties to a Purchase and Sale Agreement, with respects to the purchase and sale of the real property at 500 and 601 Boardwalk.”

When asked about this move, Straub said that he didn’t know about the price listed in the  document as they haven’t been filed yet, according to the clerk’s database. “They are doing this just so they can tie up our property,” said the magnate.

The state Casino Control Commission ruled on February that Straub needs to obtain a casino license despite his complaints that he doesn’t. His argument is based on the hiring of Connecticut developer Robert Landino to run the casino and he is suing New Jersey’s regulators for it. This allegation has been answered with a statement which indicates Straub still retains sufficient control over the property in order to need a license.