Revel sale approved to Straub

6 April 2015

ATLANTIC CITY, New Jersey -- The sale of the Revel Casino Hotel to Florida real estate developer Glenn Straub has been approved by a Judge today, New Jersey.com reported.

The Revel will be sold for $82 million and there is a deadline of tomorrow on the deal, the report said.

The sale has been a protracted process of near misses and questions remain around how some aspects of the bankruptcy especially the power company who supply electricity will be resolved, New Jersey.com reported.

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