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Showdown expected at Revel sale hearing

By Wayne Parry
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Showdown expected at Revel sale hearing

ATLANTIC CITY, N.J. (AP) — The losing bidder in a bankruptcy court auction for Atlantic City’s former Revel Casino Hotel isn’t read to fold just yet.

Revel’s management chose Brookfield Asset Management as the winner with a $110 million bid last week. But Florida developer Glenn Straub says the auction was rife with improprieties, and will challenge the result at Tuesday’s hearing in Camden.

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