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Property developer Straub completes Revel Casino purchase

13th April 2015 7:04 am GMT

Florida-based property developer Glenn Straub has finally completed his protracted purchase of Atlantic City’s Revel Casino Hotel as part of a planned $500m investment in the city.

Straub’s Polo North Country Club completed the acquisition of the casino in a cut-price $82m deal after four prior attempts to sell Revel collapsed.

Toronto-based developer Brookfield Property Partners had originally looked set to acquire the venue for $110m before pulling out of the deal. Straub was then [...]

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