The owner of the Revel casino in Atlantic City has filed an emergency motion requesting that Florida developer Glenn Straub be approved to take over the facility after a $110m deal with Brookfield Asset Management collapsed last month.
Straub has previously offered $95m for the shuttered property, which opened in 2012 at a cost of $2.4bn.
Amid rumours that his revived Revel may include a casino run by a third party or perhaps no casino at all, the developer told the Philadelphia-based KYW Newsradio that his own plans for the property were not finalised.
“We never have to explain [our plans] ahead of time unless it is a bid condition,” Straub said. “It definitely wasn’t a bid condition.”
