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Glenn Straub To Own The REVEL In Atlantic City

Tuesday Janusry 06,2015 :  REVEL SALE TO RUNNER UP TO CONTINUE (Update)
 
And at the agreed bid!
 
Atlantic City Bankruptcy judge Gloria Burns ruled Monday that the sale of Revel Casino Hotel to Florida real-estate developer Glenn Straub should go forward at his original bid of $95.4 million, despite his claim that his bid should be reduced to $87 million
 
The unusual situation arose after Straub objected to his own original bid in an attempt to get the Revel for an even cheaper knock-down price (the property was built two years ago at a cost of $2.4 billion).
 
During a hearing Monday at the U.S. Bankruptcy Court in New Jersey Judge Burns overruled the objection.
 
The Reuters news agency reported that Straub contends the original auction, won by a Canadian company for $110 million which subsequently reversed out of the deal at a cost of $11 million, was blighted and it remains to be seen if he will conclude the deal.
 
The judge said she would enter an order for the sale at Straub's original bid to continue, where after he has 30 days to close the deal.
 
John K. Cunningham, an attorney for Revel, told Burns that a bidder objecting to his own bid was unusual to say the least, and that it was a first for him despite decades of bankruptcy practice.
 
“This is a case where there is a first time for everything,” Burns replied.
 
Straub told Reuters that he’s considering all his options, including an appeal of the sale order.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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