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Revel sold to Glenn Straub

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Glenn Straub’s Polo North Country Club’s purchase of Revel casino and hotel in Atlantic City was finalized by a bankruptcy court this week.  Straub paid only $82 million, or 4 cents on the dollar of the original building cost.

Straub plans to have a smaller casino and develop nongaming sports entertainment facilities at the site, as well as redevelop the area. He also purchased Showboat casino next door a week ago. 

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