Judge rules Stockton University can find another Showboat buyer
ATLANTIC CITY (AP) — A judge has ruled that Stockton University can find another buyer for the former Showboat Casino in Atlantic City.
The Press of Atlantic City reports the judge on Monday also gave KK Ventures and its president Glenn Straub the opportunity to show cause as to why the university should be held to its agreement to sell the site to Straub.
Straub filed a complaint against Stockton July 1 claiming the school didn't do all it could with deed restrictions on the site that both require it to be used as a casino and prohibit it from being a casino.
Stockton's April 3 agreement to sell Showboat to Straub for $26 million expired July 2.
Straub says he's still interested in purchasing the site.
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