Developer Offers $90 Million for Revel

    There still may be hope for the Revel Casino Hotel in Atlantic City, which shut its doors earlier this month. Court papers filed on Wednesday show that Glenn Straub, a real-estate developer, is offering $90 million in cash to acquire the casino and resort, The Wall Street Journal reports. The $2.4 billion property closed following its second bankruptcy filing in as many years. It is unclear whether Straub would operate Revel as a casino, the article states, and any bid would be subject to the approval of the bankruptcy court.

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