Glenn Straub will need to put up $95.4 million if he wants the Revel Casino property. Atlantic City bankruptcy judge Gloria Burns has ruled against Florida real estate developer Glenn Straub’s motion to reduce his Revel bid from $95.4 million to $87 million. If Straub goes through with his attempt to buy the Revel, he […]
The Florida-based developer is now the only bidder, and wants to use his position to get the Revel at a discount price. Florida real estate developer Glenn Straub emerged as the leading bidder for the Revel Casino property in Atlantic City after Brookfield Asset Management backed out of the running. The ball is in Straub’s […]
Phyllis F. November 21, 2014 13:29:03
The Revel Casino closed its doors less than two years after opening. Will it find life after death? This year, any gambling news coming out of Atlantic City is bad news. Earlier in 2014 the Revel Casino and Hotel in Atlantic City filed for bankruptcy less than two years after opening. While the casino’s owners […]
The Revel declared bankruptcy less than two years after opening. Bidders are competing in an auction to buy the facility. The Revel Casino in Atlantic City was an expensive investment that lasted less than two years in operation; closing its doors last month, the casino cost $2.4 billion to build but never succeeded in getting […]
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