Nich Moore May 8, 2015 04:10:24
Glenn Straub has bought the former Revel and is planning to help patrons live longer, if he can get the water turned back on Back in March I wrote an article listing some of the alternative uses for the plethora of empty casinos in Atlantic City. With my tongue firmly in my cheek, and having […]
Phyllis F. April 7, 2015 07:07:07
Glenn Straub’s Polo North Country Club, the Florida developer cinched sale deal of Revel Hotel Casino. Three years ago casino fans and Atlantic City citizens were reveling in the April 2, 2012 opening of the $2.4 billion Revel Casino in Atlantic City. Twenty nine months later Revel closed. What was seen by many in Atlantic […]
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 […]
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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