A week after shutting down, Revel Casino Hotel announced that it has a buyer interested in purchasing the Atlantic City casino.
The Associated Press reported that in court documents filed Wednesday, Revel AC Inc. said that Florida developer Glenn Straub has offered $90 million in cash to purchase the now- shuttered casino.
The Philadelphia Inquirer noted that the offer is less than four percent of the swanky casino’s original price tag of $2.4 billion.
“It's not going to be just a casino," said Straub. "There's four people that would make excellent casino operators, but that building is much, much more than just a casino."
Revel was the latest of the Atlantic City gambling halls to close, but it most likely will not be the last. Trump Entertainment Resorts Inc., which owns Trump Plaza and the Taj Mahal, filed for Chapter 11 bankruptcy on Tuesday.
The town of Atlantic City has been struggling to stay afloat for the past few years as regional casinos have popped up all over and are keeping people closer to home.
Revel opened just two years ago and announced in June that it would close if no buyer was reached. The move put thousands of people out of work.