ATLANTIC CITY, NJ—A sale of the shuttered $2.4-billionRevel casino hotel failed to materialize onWednesday.
An auction of the property was held at a New York City lawoffice, but was adjourned until next Tuesday, according to Revelspokeswoman Lisa Johnson.
In addition to Florida developer Glenn Straub's$90-million cash bid for Revel, two other prospective bidders havesubmitted bids, according to a Reuters report. It is not known howmany bidders have qualified for the auction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
