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New York

South Florida developer gambles on Atlantic City

Glenn Straub has bid $90 million on the Revel Casino Hotel

The Revel Hotel Casino in Atlantic City, N.J.
The Revel Hotel Casino in Atlantic City, N.J.

From the South Florida website: A Wellington-based developer made a $90 million bid for a bankrupt casino in Atlantic City and says he plans to invest $1.5 billion the property. Glenn Straub’s offer for the Revel Casino Hotel went public Wednesday after the contract was filed in Bankruptcy Court in New Jersey, according to the Palm Beach Post. The hotel was the setting of football player Ray Rice’s domestic violence incident in February. [more]

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