[toc]Stop me if you’ve heard this one before: TEN AC — formerly the Revel in Atlantic City — is going to open soon.
Of course, this is not even close to the first time we’ve heard this from the owner of the shuttered resort.
The latest on TEN AC
Glenn Straub — the owner of TEN AC — told the Press of AC that he planned on opening his resort in a little over two months, on June 15:
“When it’s open, the facility will have between 1,500 and 2,000 rooms open,” Straub said, adding the hotel portion of the facility has a $4 million computer system.
That of course, comes with a wink and a nod. Straub promised to reopen the resort in June of last year, as well as February of this year. It obviously missed both of those deadlines. In between, the resort rebranded as TEN.
The bottom line: The saga that is Revel — once built for more than $2 billion — is still alive and well.
Still along way to go for the former Revel
There are lots of variables still in play before the resort can reopen.
Can that get done in the next two months? That is at least possible, but it’s an issue that hasn’t been taken care of for months already. Is Straub actually ready to fulfill this obligation?
There’s also the matter of the casino license for TEN. It can reopen as just a hotel and a resort. But Straub would like to also have a casino.
The problem? He doesn’t have a casino license. He also shows no desire to procure one, saying a third party will run TEN’s casino. The New Jersey Casino Control Commission says Straub needs to get a license.
Anyway you slice it, It doesn’t seem like TEN will have casino gaming, if it actually opens on June 15.
Will TEN AC open?
At this point, it’s anyone’s guess. In the past two years, TEN has been locked in a vicious cycle:
- Straub tries to get proper licensing completed.
- Something happens to slow down that licensing, or Straub doesn’t file the proper paperwork.
- Straub blames state and local officials.
- State and local officials blame Straub.
Will things be different this time around? It wouldn’t seem smart to bet on it. But maybe, just maybe, TEN will open this summer.