Posted: Thursday, September 25, 2014, 3:01 AM
There are reportedly three bidders for the Revel casino at Wednesday's bankruptcy auction in New York, including Florida investor Glenn Straub who set the baseline for the auction with a $90 million offer.
Reuters, citing an unnamed person familiar with the auction process, said two last-minute bids came Tuesday, one from a party involved in casinos outside of New Jersey and a second from a real estate developer.
A representative of the Meruelo Group, which owns the Grand Sierra Resort and Casino, in Reno, Nev., was at a Sept. 15 Revel bankruptcy hearing, complaining that his company's bids were not considered 'qualified' in previous attempts to sell Revel in a bankruptcy auction.
It's not clear if the Meruelo Group, which has also tried to buy Trump Plaza and the Atlantic Club, remains among those trying to buy Revel.
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