Atlantic City’s Revel casino finds buyer for $90 mln

Revel Casino in Atlantic City has found a buyer who will pay $90 million in cash, according to media reports.The casino hotel closed earlier this month after filing for bankruptcy. The sale will be to Florida developer Glenn Straub, president of Polo North Country Club. However, the casino also wants a judge to set an auction for Sept. 24 if any higher bids are received by Sept. 23.The sale price is just a fraction of the $2.4 billion the 1,800-room resort cost to build, the reports said.