Sunday, April 5, 2015

Judge OKs sale of Revel casino to Florida developer for $82M

FILE - This Sept. 1, 2014, file photo, shows the Revel Casino Hotel, right, next to the already closed Showboat Casino Hotel in Atlantic City, N.J. Three years to the day after Atlantic City's $2.4 billion Revel casino opened — and seven months to the day after it closed — a bankruptcy court judge approved its sale to a Florida developer for about 4 cents on the dollar. The approval Thursday, April 2, 2015, came after Glenn Straub's Polo North Country Club agreed to drop its demand that the sale go through "free and clear of encumbrances" like the tenants' leases — an issue that had helped scuttle several prior attempts to sell the casino. (AP Photo/Mel Evans, File) CAMDEN, N.J. (AP) — Three years to the day after Atlantic City's $2.4 billion Revel casino opened — and seven months to the day after it closed — a bankruptcy court judge approved its sale to a Florida developer for about 4 cents on the dollar.








via Entertainment News Headlines — Yahoo! News
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