MANY INTERESTED, ONLY ONE WILLING TO PUT MONEY UP FOR REVEL

In the latest court filing, only one bidder has put up money to purchase the Revel Casino in Atlantic City. The owners of the casino are asking a judge to approve the sale to Florida developer Glenn Straub. The purchase price would be $82 million, which has already been put into escrow for the purchase. The former tenants of the casino and the powerplant that provides power have all been creating roadblocks for the sale. In total, 19 people or groups have inquired about the casino, but only Straub has the money on the table for the sale.

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