Acrimony Surfaces In Revel Auction
ATLANTIC CITY, N.J. (AP) — The process of seeking new buyer for the failed Revel casino in Atlantic City is hitting a rough patch.
Florida developer Glenn Straub, whose $90 million bid is the only publicly identified one, has asked a judge to delay an auction that resumed Tuesday until Thursday.
Straub claims Revel's attorneys reneged on a promise to share information about other bids that were received.
The court refused to suspend the auction but scheduled a hearing on Straub's objection for Oct. 20.
Auction participants say at least one other bid has been received for the casino-hotel, which cost $2.4 to build and closed after just over two years of operation.
The auction began Wednesday but was adjourned for Rosh Hashanah.
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