By David Madden

ATLANTIC CITY, N.J. (CBS) — It looks like the owners of the shuttered Revel Hotel and Casino are going with plan “B” in their quest for a buyer.

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The current owners filed an emergency motion in federal bankruptcy court in Camden, NJ, asking that Florida developer Glenn Straub now be approved to take over the facility.

Toronto-based Brookfield Asset Management pulled out of a $110-million deal last month after failing to reach agreement on the debt for a power plant adjacent to Revel.  Revel’s attempts to get Brookfield to reconsider failed.

Straub had offered $95 million for the property.  It’s not a good fit, though, in the eyes of Roger Gros, an analyst with Global Gaming Business magazine.

“I’m a little fearful about what’s going to happen here, frankly, just because he hasn’t given a vision for what he wants to do with the property, and some of the things we have heard have been kind of wild, off-the-wall ideas,” Gros tells KYW Newsradio.

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But Straub says he’s just keeping his options open.

“We never have to explain ahead of time (our plans for the property) unless it is a bid condition,” he told KYW Newsradio this afternoon.  “It definitely wasn’t a bid condition.”

Straub’s plans might include opening a resort that not gambling-centric, or may include a casino run by someone else.

The court has scheduled a hearing on the proposed purchase for Friday morning.  Straub says he does not expect to attend.

Revel closed over the Labor Day weekend — one of four casinos down the shore to shut down this year.  And the Trump Taj Mahal could join them later this month.

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