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: