Revel sale back on

The agreement is the second to have been reached between the two parties over the casino, which ceased operating in September, following a previous $95m planned takeover which never materialised.

Judge Gloria Burns terminated that deal at a court hearing last week, ruling that Straub had violated the terms of the agreement when he failed to meet a deadline of 9 February to complete the acquisition, which left Revel open to conduct negotiations with other interested parties.

But in a dramatic u-turn, Straub has exploited a loophole which allowed him to re-negotiate with Revel, as a signed order had not been entered, and he confirmed to the Wall Street Journal on Tuesday that the prospect of a deal to buy the casino had been reprieved, but for a smaller price than the original deal.

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David Cook

Editor

David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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