A U.S. federal appeals court has delayed the sale of the shuttered Revel Casino in Atlantic City pending an appeal by a company that ran its nightclub and boardwalk dance club, Reuters reported on Saturday. The order, issued late on Friday by Third U.S. Circuit Court of Appeals Court Judge Thomas Ambro, gives attorneys for Revel until Tuesday to respond to the appeal filed by IDEA Boardwalk, Llc. The company, along with several restaurants which had also leased space inside the casino, had lost a challenge to the sale in a Jan. 21 federal court. The sale to Florida developer Glen Straub, who bought Revel in bankruptcy court for $95.4 million, was expected to be completed by Feb. 7. The nightclub appealed that order, claiming the sale could cost it some $16 million it had invested to build bars, bathrooms and sound systems as part of its 25-year lease.
