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Has the Revel Casino been sold to Denver-based AC Ocean Walk? Moody's rates possible owners' debt

Moody's rated the debt on the Denver-based company that wants to buy the Revel Casino for $200 million, plus spend another $175 million, to renovate and reopen it next May. But owner Glenn Straub denied anything is happening.

Moody’s Investors Service says that new owners want to buy the vacant casino for $200 and will spend an additional $175 million to get it ready to reopen in May 2018.
Moody’s Investors Service says that new owners want to buy the vacant casino for $200 and will spend an additional $175 million to get it ready to reopen in May 2018.Read moreJulio Cortez / Associated Press