Revel Says It Has $90M Offer To Buy Closed Casino

ATLANTIC CITY, N.J. (CBSNewYork/AP) - Attorneys for Revel Casino Hotel say that a Florida developer has offered $90 million for the Atlantic City property that closed this month.

The casino said in a court filing Wednesday that Glenn Straub has made the cash bid and it hopes to have an auction for the property on Sept. 24.

It's unclear whether Straub would operate the property as a casino if the sale went through. A bankruptcy court judge would have to approve any sale.

Revel opened a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market. But the $2.4 billion resort shut down on Sept. 2 after it failed to find a buyer before an earlier scheduled auction.

Hundreds of newly laid-off Atlantic City casino workers began filing for unemployment the first attendees at an assistance center that expects to process 5,000 workers over the next three days.

The session at the Atlantic City Convention Center came after a brutal weekend that saw more than 5,000 employees at the closed Showboat and Revel lose their jobs. Officials from the state Department of Labor and the main casino workers' union, Local 54 of Unite-HERE, helped displaced workers file for unemployment, and gave them information on signing up for health insurance and other benefits.

By mid-September, Atlantic City, which started the year with 12 casinos, will be down to eight, and almost 8,000 people will be out of work. Trump Plaza is closing Sept. 16, and the Atlantic Club shut down in January.

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