Bankruptcy judge to rule Friday on $82M Revel casino sale
A bankruptcy judge will rule Friday on the proposed sale of Atlantic City’s former Revel casino to a Florida developer for $82 million.
Judge Gloria Burns said Thursday that she will rule on the purchase of the $2.4 billion casino by Glenn Straub’s Polo North Country Club.
But a loophole in the deal still leaves the door open for owners Revel AC to accept a higher bid if one materializes before the March 31 scheduled closing date.
Nineteen other would-be purchasers have expressed interest in outbidding Straub, but none has put any money on the table.
Revel closed in September after just over two years of operation. It never turned a profit.
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