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Revel sale approved

5 January 2015

CAMDEN, New Jersey -- The sale of the Revel has been approved but now faces new challenges from the purchaser, Reuters reported.

Property developer Glen Straub wants the price reduced from his original $95.4 million to $87 million, the report said.

Straub contends the auction was blighted and it remains to be seen if he will conclude the deal, the Reuters report said.

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