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September 11, 2014

Revel says it has a $90M offer to buy $2.4B casino

By JOURNAL STAFF

ATLANTIC CITY, N.J. (AP) — A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents.

The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort and it hopes to have an auction for the property on Sept. 24. A bankruptcy court judge would have to approve any sale.


 
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