For the second time in recent weeks, a report has surfaced that a deal may be in the works to acquire the failed Revel casino in Atlantic City from billionaire developer Glenn Straub, based on paperwork filed with the Atlantic County clerk’s office.
The Oct. 30 “notice of settlement contract of sale,” however, is not signed and does not list a purchase price.
Straub told the Inquirer Tuesday that there was no agreement to sell the shuttered $2 billion casino hotel which Straub’s Polo North Country Club Inc. in Wellington, Fla. bought out of bankruptcy for $82 million in April 2015.
“Screwballs come out of the woodwork. I never signed anything,” Straub said. “Some guy gets some notary public. You know your secretary can get a notary.”
The notice was reported by Route 40, a South Jersey news and information website, which said the casino formerly known as Revel was under a notice of settlement contract of sale to AC Ocean Walk L.L.C., 500 Boardwalk, Atlantic City, controlled by Denver-based developer Bruce Deifik.
A call and email by the Inquirer to Deifik were not immediately returned. A lawyer for Straub did not return a call and email.
Straub said Tuesday he is awaiting a court decision on his appeal to state Superior Court to be exempt from a ruling by the state Casino Control Commission that he must obtain a casino license to reopen the Revel as a casino, even though he intends to lease operations to another developer to run as the so-called Ten casino.
“We’re waiting now for the appellate court,” Straub said. “I don’t know who the hell anybody is from Denver,” he said, referring to Deifik, the Denver-based developer.