Enjoy Atlantic City on Auction Block for $90 Million Starter Bid

Enjoy Atlantic City on Auction Block for $90 Million Starter Bid

Florida investor Glen Straub has kicked from the auction bidding on Revel for $90 million.

Atlantic City’s Revel Casino is up for auction grabs, and a Florida property developer has offered $90 million in money to purchase the home which was shut down for good last week. Glenn Straub, whom owns the 22,000-acre Palm Beach https://slotsforfun-ca.com/quick-hits-slot-review/ Polo and Country Club in Wellington, Florida, will now become the ‘stalking horse,’ or bidder that is lead who may be outbid by competitors at an auction on September 24. Other buyers that are potential until September 23 to help make offers.

Straub said this week that their offer was ‘an possibility to turn things around. That is what they need at this time; a direction that is new’ he added. ‘Give us our six months, so we’ll really actually be open. In 2 years, we’ll be 100 % open.’

Which begs the question, exactly what will likely be open, exactly? It seems unlikely that Straub will reopen Revel as a casino; the Revel Casino project, after all, had been a cataclysmic $2.4 billion failure with huge operational costs that were hemorrhaging $2 million a week when it shut. And besides, it seems Straub features a dislike that is personal of.

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‘When everyone believes of Atlantic City, they think of casinos,’ Straub told United States Of America Today, adding that he dislikes the concept of Atlantic City as a casino town and would be uncomfortable with the thought of his fami […]