Lawyer: Offers made for closed Revel casino
ATLANTIC CITY, N.J. (AP) — The lawyer for a Florida developer who has offered $90 million for the former Revel casino in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.
Stuart Moskovitz, the attorney for developer Glenn Straub, says Revel attorneys told him there will be an auction at which the bidders will make their best offers for the property.
Revel closed Sept. 2 after little more than two years of operation but has continued to seek a buyer.
Straub has made a so-called "stalking horse" bid of $90 million for the casino, which cost $2.4 billion to build.
Other bidders are free to exceed that level at auction.
Lawyers for Revel would not comment Tuesday.