The Revel has never been successful and many believe that the property is cursed. Straub managed to buy it for a relatively meager $82 million but faced a lot of trouble in getting it up and running. The troubled casino was valued at $2.4 billion during its peak.

Straub first entered the national limelight in 2015 with his purchase of the bankrupt and controversial Revel Atlantic City casino resort. The former charge is a felony to the second degree, while the charge is a felony to the third degree. He is currently being charged with one count of grand theft larceny of an amount less than $100,000, as well as two counts of filing liens deemed fraudulent by authorities.

Straub, who is 73 years old, surrendered in January 2020 to the Palm Beach County Sheriff’s Office after learning that an arrest would be forthcoming. However, with the COVID-19 pandemic still in full swing, his case remains up in the air. Florida-based businessman Glenn Straub and former owner of the Revel Casino property in Atlantic City, is currently facing a lawsuit that could result in him getting 15 years of jail time.

Revel casino atlantic city new jersey