On Monday, Chief U.S. Bankruptcy Court Judge Gloria Burns decided that the Sept. 24 auction date for the Revel Casino-Hotel would go ahead as planned, after pleas for a deadline extension by Revel creditors and tenants. Burns also ruled that the sole bidder would be entitled to a $3 million payout if Revel is sold to another party. Glenn Straub, the Florida real estate developer who offered $90 million in cash offer for the 6.2 million square-foot facility, says the property could be open for business “within a couple of weeks”. Straub would not be required to run a casino on the property if the deal goes through. Attorneys for Revel said they would surrender their casino license as part of the deal.