Revel: Delay of casino sale could cause buyer to walk away
ATLANTIC CITY, N.J. (AP) -- The former Revel casino says a New Jersey judge should not delay its sale while an appeal from restaurants at the property is heard.
The casino was responding to an appeals court ruling last week that temporarily halted the sale of Atlantic City's Revel to a Florida developer. The casino says a delay past Monday could cause the buyer to walk away from the deal.
Glenn Straub's attorney has said he may forsake the deal if it is delayed past the scheduled closing date.
Revel also says the restaurants should have to post a $120 million bond to compensate the casino in case the Straub deal falls through.
Revel also is fighting off an attempt by its utility provider to cut off service at 5 p.m. Thursday.
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