Revel casino auction to continue next week

ATLANTIC CITY (WPVI) -- An auction to sell Revel, the failed, luxury casino hotel, was delayed - the latest bump in the road to recovery in Atlantic City.

The auction was supposed to take place at 9:00 Wednesday morning in New York.

A spokeswoman for Revel Entertainment confirms that the bidding process will resume Tuesday, after the Rosh Hashanah holiday.

Florida developer Glenn Straub offered a $90 million cash bid for the shuttered casino.

He was the only one to publicly bid on Revel before this week. Now some last minute bids have turned things upside down.

Revel shut down September 2, putting 3,000 employees out of work.

"Whatever which way they decide will definitely create jobs - that is my concern," said Anthony Prudente.

Reports say an attorney for Straub is complaining that the auction has been "tainted" and that Revel's attorneys have been in closed door meetings all day considering the other offers.

Stroud said that if he buys Revel, he would turn it into an elite university where the best and brightest would tackle pressing global issues of the day.

There was mixed reaction to that idea on the boardwalk.

"I don't think it's smart. How many smart people you got in this world?" said Joe Supino.

"I don't think it's good because I think they should do more for families here," said Eleanor Supino.

"Real gamblers are going elsewhere so I think something new and different might be a better idea," said Grace Prudente.