Straub Reportedly Offered $225 Million for REVEL on Atlantic City Boardwalk

A New York-based private investment firm wants to buy the shuttered REVEL for $225 million. Owner Glenn Straub says he’s unaware of any such offer.

REVEL owner Straub reports that it costs $1 million per month to operate the closed property on the Atlantic City Boardwalk.

Opening a casino is still a priority for Glenn. Unfortunately, he needs a gaming licence, something he believes is not needed.

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