REVEL CLOSE 1

Revel employees Joe Lucchetti, of Turnersville, N.J., left, and Robert Fitting, of Berlin, N.J. remove signage at Revel hotel-casino, Monday September 1, 2014, in Atlantic City, N.J. The hotel closed today and the casino will close on Tuesday.

A federal judge this week dismissed an appeal by Glenn Straub’s Polo North Country Club Inc. — the company in line to buy the closed Revel Casino Hotel.

Straub, claiming a September bankruptcy auction for Revel lacked transparency and was tainted by a conflict of interest, appealed a ruling by Chief U.S. Bankruptcy Judge Gloria Burns that gave Revel permission to sell the property to Brookfield US Holdings, which was named the auction’s winner.

On Monday, Chief U.S. District Judge Jerome Simandle dismissed the appeal as moot, citing Burns’ recent decision to allow Revel to abort the Brookfield deal and pursue a sale to Straub’s company. The proposed sale to Polo North will be the subject of a hearing slated for Jan. 5.

Straub said Tuesday that he may ask Simandle to reconsider the dismissal.

“The judge didn’t answer anything that was in the appeal,” he said, noting that his original offer for the property was $90 million. The unfair auction forced him to up the offer to $95.4 million, he said.

He also said he’s still interested in opening a university for geniuses at the Revel site, and that he’s considering a purchase at the other end of the Atlantic City Boardwalk, though he didn’t specify a location.

Contact Reuben Kramer:

609-272-7239

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

PLEASE BE ADVISED: Soon we will no longer integrate with Facebook for story comments. The commenting option is not going away, however, readers will need to register for a FREE site account to continue sharing their thoughts and feedback on stories. If you already have an account (i.e. current subscribers, posting in obituary guestbooks, for submitting community events), you may use that login, otherwise, you will be prompted to create a new account.

Load comments