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Revel sale may go to auction

24 September 2014

ATLANTIC CITY, New Jersey -- An auction is being rumoured to be on the cards for the recently closed Revel Casino, the Press of Atlantic City reported.

Glenn Straub, a Florida-based real estate developer, offered $90 million cash which reignited competition over the property, the report said.

An auction will take place Wednesday in New York if plausible bids emerge, the Press of Atlantic City said.

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