Tuesday, February 24, 2015

Glenn Straub in new deal for Revel



Florida developer Glenn Straub’s deal to buy Atlantic City’s Revel Casino Hotel is back on — this time for $82 million and with a definitive closing date of March 31, according to a court filing Tuesday.

The tentative agreement leaves key issues such as how Straub will deal with the companies that have unexpired leases to operate nightclubs, restaurants, and stores in the property, but it renews the possibilty that the $2.4 billion casino has a future.

Source: Philly.com

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