Straub puts up $26M for ex-Showboat casino, eyes $500M plan

April 3, 2015 10:12 PM

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A Florida developer who's buying Atlantic City's former Revel casino has put up $26 million for another shuttered casino next door and announced plans for a half-billion dollars' worth of redevelopment projects in the struggling seaside gambling resort.

But the deal announced Friday for the former Showboat Casino Hotel faces the same legal problem that sank it after Stockton University bought it.

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