Florida developer Glenn Straub, in line to buy Atlantic City's former Revel casino hotel, is threatening to walk away from the deal if a court ruling goes against him.
January 21, 2015 at 09:00 AM
1 minute read
The Florida developer in line to buy Atlantic City’s former Revel casino hotel is threatening to walk away from the deal if a court ruling goes against him.
Glenn Straub is buying the casino for $95.4 million, but tenants at the site are appealing the deal, claiming they stand to lose millions if it goes through. A federal judge was expected to rule on that request Wednesday, following a daylong hearing on the matter Tuesday.
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