ATLANTIC CITY, NJ—Florida entrepreneur Glen Straub, whose bid for the shuttered Revel Casino and Hotel was bested by Brookfield Asset Management's $110-million bid at an auction last week, filed court papers on Monday requesting a judge order a new auction sale.
Straub complained that last week's all-night bidding session placed him in jeopardy from an undisclosed medical condition because he had not brought his medicine to New York City from Florida, according to the Associated Press.
"I got a life or death medical situation," Straub told the Revel attorneys during the middle-of-the night negotiating session early Oct. 1 according to a transcript Straub's lawyer released Monday. "I didn't leave with my pills. I have to take them two days a week. I'm not going to give you my medical history, but it's a life and death situation."
A bankruptcy court judge in Camden, NJ is expected to rule today on whether the Brookfield bid should be approved. The Revel Casino Hotel closed its doors on Sept. 2.
While a Revel spokeswoman declined comment Monday on Straub's plea for a new auction, Revel attorneys present at the auction, according to a court transcript, said they had the right to change bidding procedures during the auction if it resulted in a better offer for the debtors. See story in The Record.
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