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Judge approves sale of Revel Casino to developer Straub

6th January 2015 12:11 pm GMT

A New Jersey judge has approved the sale of Atlantic City's Revel Casino Hotel to Florida-based property developer Glenn Straub, who had previously failed in a bid for the venue, only for the acquirer to pledge to launch an appeal to block the sale as he looks to lower the purchase price.

Judge Gloria Burns agreed to sell Straub the venue at a price lower than the $110m previously agreed with the winning bidder of the [...]

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