Glenn Straub Deal Cancelled by Revel Thanks to Judge Ruling
So now we go back to square one?
Straub didn't want to close the deal by the Feb 9 deadline because he was not sure if he would be forced to accept some existing tenants at Revel if he opened the casino. A $10 million deposit from Straub is now being held in escrow.
This latest set-back to sell the multi-billion dollar failed casino comes on the heels of the first deal that fell-through last November involving Brookfield Asset Management.
(WPG Talk Radio 1450)