by Lisa A. Grimaldi | October 01, 2014
At least four bids have been received for the Revel Casino Hotel in Atlantic City, which closed down last month, according to press reports. A bankruptcy court auction for the two-year-old resort was held Sept. 30. The only offer that has been made public in the secret talks has been a $90 million bid from Glenn Straub, a Florida developer. Other bidders are rumored to include  a real estate investment trust and a foreign-based group that proposes to keep Revel operating as a casino.