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Straub back in with cut-price deal to acquire Atlantic City’s Revel

25th February 2015 12:03 pm GMT

Florida-based property developer Glenn Straub has agreed a deal to acquire Atlantic City’s Revel Casino Hotel at a cut-down price of $82m, just days after he appeared to have missed out on acquiring acquire the venue.

Late last week US Bankruptcy Judge Gloria Burns approved a petition filed by Revel asking to terminate the sale agreement with Straub’s Polo North Country Club, which was set to purchase the venue for $95.4m.

The venue was then expected [...]

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