An appeals court has rejected Revel casino owner Glenn Straub’s claim that he should be able to buy Atlantic City’s former Showboat casino.
Straub, who is battling with New Jersey regulators over when and how Revel should reopen, had sued Stockton University over his failed attempt to buy the Showboat.
Stockton bought the shuttered casino from Caesars Entertainment, hoping to establish a long-sought urban campus in Atlantic City.
But it could not resolve complicated and conflicting legal claims on how the property could be used.
The college then sold the property to Straub for $26 million, but later terminated the deal after determining Straub was not serious about buying it.
Philadelphia developer Bart Blatstein then bought the Showboat and opened it as a non-gambling hotel.