Hard Rock eyes Revel as it gets preliminary approval to enter Atlantic City casino market

Industries Associated Press

The company that has populated the globe with Hard Rock casinos and restaurants has received preliminary approval to enter the Atlantic City casino market.

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Seminole Hard Rock Entertainment received a statement of compliance Thursday. That is a preliminary step in becoming licensed to own a casino in New Jersey.

CEO James Allen did not reveal plans for any specific project. He says he has had conversations this month with Glenn Straub. The Florida developer is buying Revel out of bankruptcy.

No agreement has been reached for Hard Rock to partner with Straub on a purchase.

The company is owned by Florida's Seminole Indian tribe and has long had an interest in Atlantic City. It proposed a small rock 'n' roll themed casino hotel in 2011, but dropped the plan shortly afterward.