UPDATE: $10 MILLION DEPOSIT MADE ON REVEL BY DEVELOPER

A Florida real estate developer has made a $10 million deposit on the Revel Casino in Atlantic City. Glenn Straub wants to purchase the recently shuttered casino for only $90 million, which is a far cry from the $2.4 million investors paid to develop the Revel. If no other qualified bid is received in less than two weeks, Straub will the buyer of the property. No word yet on if Straub fully intends on keeping the Revel open as a casino.