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As the magnate has failed to reopen former Revel casino, New Jersey authorities asked Straub to sell the property.

As casino revenues in Atlantic City decline, the amount designated for social funds is lowering as well.

The former Revel Casino would reactivate its operations on February 20.

New Jersey gaming regulators were sued yesterday by owner of Revel Casino.

The new name was chosen for its “perseverance” meaning.

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