Revel Casino Sold to Florida Land Developer

revel-casino-atlantic-city-new-jersey-75x50A land developer from Florida, Glenn Straub, purchased Revel Casino Resort for $82 million which is well below from the $95.4 million winning bid that Straub originally placed. It’s the third deal for Revel which rejected offers from a developer in Canada and Straub whom wanted to take the deposits which had been paid by the developers. The deal should close on March 31, 2015 and the property should re-open its doors in the summer. Reports say that Straub is planning to expand the exterior of the casino and the spa and lobby and this will cost about $100 million.

{ 0 comments… add one }

Leave a Comment