Atlantic City's former Revel casino acknowledges it has no one to turn to but a Florida developer whose bids to buy the shuttered gambling hall have repeatedly fallen apart, the Associated Press reported on Saturday. A court filing on Friday by Revel AC indicates that in nearly three additional weeks of entertaining would-be buyers, no new parties were willing to put up money for a bid. In the filing, Revel asks Hon. Gloria M. Burns to approve — yet again — the proposed sale of the $2.4 billion casino to Glenn Straub's Polo North Country Club for $82 million. Those are the same terms as a deal that Burns said earlier this month she lacks jurisdiction to approve, in part because they substantially changed from an earlier sale she had blessed. Revel and Straub want the latest deal treated as a new sale request, with a full hearing on the numerous objections from former business tenants, a power plant and other creditors that helped derail three other deals. The latest Straub proposal would mark the fourth would-be sale of the casino.
