Revel hopes for sale 'soon', seeks extension on Ch. 11 case

Revel hopes for sale 'soon', seeks extension on Ch. 11 case

Revel hopes for sale 'soon', seeks extension on Ch. 11 case (3/31/15)

ATLANTIC CITY - (AP) - The owners of Atlantic City's former Revel casino say they hope to sell it "soon," even as they seek an extension through the end of June to wrap up its bankruptcy case.

In a court filing made Monday, Revel AC says it is working toward finalizing the sale to Florida developer Glenn Straub's Polo North Country Club.

A bankruptcy court judge is scheduled to consider the sale Thursday.

Straub's attorney, Stuart Moskovitz, says he plans to close soon after the sale is approved.

He says the extension to let Revel AC line up support for its exit from bankruptcy won't affect the sale.

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