Developer Glen Straub’s Polo North company has filed for a casino license in New Jersey and state regulators say the review is underway.
Straub hopes to re-open part of the former Atlantic City Revel casino in June, including a casino component. He has not, however, said who will operate the casino.
According to the state Division of Gaming Enforcement, Straub’s Polo North Country Club Inc. has submitted an application and the DGE review of the application has begun, according to the Press of Atlantic City.
Straub says he wants to reopen the casino, restaurants and 500 hotel rooms on June 15.
Casino-license applicants must show that they have the financial stability to run a casino and must demonstrate the “good character, honesty and integrity” needed to hold a license under the state Casino Control Act. The DGE then reports to the state Casino Control Commission, which then decides whether to issue a casino license.
In another development for the city, Philadelphia Developer Bart Blatstein—who owns the former Showboat casino site and the Playground entertainment complex at the former Pier Shops at Caesars—told city officials he will explore building a hotel on Atlantic City’s Garden Pier.
Blatstein’s Tower Investments has been named by the city to head a redevelopment project at the pier, which currently houses the city’s art and historical museums.
Blatstein provided officials with a summary outlining possible uses for the pier including “various types of entertainment, commercial and dining activities; even the potential for a future waterfront hotel at the ocean end of the pier.”
