ATLANTIC CITY, N.J. (AP) – A bankruptcy court judge will decide next week whether Atlantic City’s former Revel casino should be sold to a Florida developer.
The March 4 hearing will be the third time Judge Gloria Burns will have approved the casino’s sale – and the second time to the same purchaser.
Last week she canceled a $95.4 million deal she had approved in January to sell it to Glenn Straub’s Polo North Country Club. But on Tuesday, Revel and Straub inked a new deal to sell it for $82 million.
An earlier deal the judge also approved to sell Revel to a Canadian firm for $110 million also fell through.
Straub hopes to have at least part of the property open by summer, with a smaller casino and health-related uses.
Copyright 2015 The Associated Press.
