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Revel sale to Straub approved

3 April 2015

ATLANTIC CITY, New Jersey -- The sale of the Revel Casino was approved Thursday to Florida real estate developer Glenn Straub, the Press of Atlantic City reported.

Straub will pay $82 million for the casino property, the report said.

There was an attempt to stall the sale and request an auction, but the Judge denied it because "there's no funding left", the Press of Atlantic City quoted her as saying.

The deal may be finalized on Monday, the report noted.

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