Private firm offers to buy Revel casino
Glenn Straub, owner of the more than 6 million-square-foot Boardwalk property, said he was unaware of any offer for the resort, which he has renamed TEN.
Straub also said he has never talked to any equity firms regarding a sale.
Straub bought the USD 2.4B Revel for USD 82M in bankruptcy court in August 2015.
Since then he has repeatedly talked about reopening the property, and has set several deadlines for doing so, but it remains closed.
State gaming officials have told Straub he is required to get some type of gaming license if there is going to be a casino on the property, but he maintains he shouldn’t be required to apply for one since he’s leasing the casino area to a third-party vendor. Straub previously talked about opening the facility as a resort without a casino.
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