It's Official! Deal Closes On Sale Of Ex-Revel Casino; Straub New OwnerRevel is getting a second chance as part of a Florida developer's ambitious plan to remake the East Coast gambling resort into a destination for bettors and tourists alike.
Judge Approves Sale Of Atlantic City's Revel Casino To Florida DeveloperJudge Gloria Burns approved the deal, which did not address the rights of former business tenants at the casino to operate there when it reopens.
Potential Buyer Straub Says He's Still Negotiating For Revel Casino SaleA Florida developer trying to buy the former Revel casino in Atlantic City said Tuesday that he was still negotiating with its owner to salvage the sale.
Owners: Revel Casino Deal Must Close Or It's OffThe owners of the former Revel casino in Atlantic City said they will cancel a deal to sell it to a Florida developer if the sale does not close by midnight.
Developer Plans Water Park For Former Site Of Revel CasinoGlenn Straub told reporters during a break in a court hearing Thursday he plans high-speed ferry service between the site and New York City.
Trustee Objects To Parts Of Proposed Revel Casino Hotel DealA U.S. Bankruptcy Court trustee is objecting to the proposed auction date for the Revel Casino Hotel and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site.
Revel Says It Has $90M Offer To Buy Closed CasinoThe 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.