REVEL DEAL WITH STRAUB ON ONCE AGAIN

After many negotiations and court dates, it appears that the Revel hotel-casino sale with Glenn Straub may actually take place. Multiple sources report that the Florida real estate developer will purchase Revel for $82 million cash, a number that is over $13 million below the first proposed sale. The deal is scheduled to close March 31, provided a federal judge approves the sale at a March 4th hearing in Camden.