A scam is a scam, doesn’t matter if it’s big or small. You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. If you can provide any kind of insight into Michael Garrity Financeit or a similar company/individual, then share your information with us using our secured form. Developer Glenn Straub has floated ideas for the property that include a university, a waterpark and a hospital.Such posts are made possible by the collective efforts of our contributors. He said the sale is in the public's interest, given that at least some of the approximately 3,500 Revel jobs might be restored. 'We are desperately trying to close at $95 million.' 'If there's one thing Revel has taught us, is what it costs has no relation to what it's worth,' said Revel lawyer Jason Zakia. The glittering casino opened in April 2012 with hopes of helping revive Atlantic City's casino market, but it never turned a profit and has twice filed for bankruptcy. The three-judge panel noted the stunning decline in the casino's value in just three years. 'The response to that is pretty simple: It's closed. Ambro in Philadelphia wondered aloud if arguments about the tenants' property rights weren't moot.

'If the new owner flips the place to a Hard Rock (cafe) and they make money, we are harmed,' Cooper argued.īut Judge Thomas L. Lawyer Jeffrey Cooper argued that the club was profitable and has a valid lease that should be part of the sale. Circuit Court of Appeals panel heard emergency arguments Friday on the lease issue and could rule later in the day. But the scheduled close Monday is on hold over the HQ Nightclub lease.Ī 3rd U.S.

2, and after one failed sale attempt has a Florida developer set to pay $95 million in a bankruptcy sale. The $2.4 billion Revel casino has been closed since Sept.

The owners of a New Jersey nightclub inside the shuttered Revel Hotel Casino in Atlantic City asked a court Friday to let them stay put even if the property is sold Monday.

Revel casino update