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Auction to Continue for Revel Casino

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September 29, 2014

The auction for Atlantic City's Revel casino has been scheduled to resume.

Last week the upcoming holiday Rosh Hashanah resulted in the postponement of the auction. However the bankruptcy court ordered the auction to resume on Tuesday.

Bids have already been submitted for the casino. Glenn Straub, a developer from Florida has submitted a $90 million bid for the property.

The Revel casino was only open for 2 years. It cost $2.4 billion to complete. The casino closed on September 02.

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