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Monday's hearing on Revel casino sale postponed

A hearing Monday on the sale of Atlantic City's defunct Revel Casino Hotel has been postponed by consent of all parties.

Revel casino, on the boardwalk in Atlantic City, N.J., on June 26, 2014. ( TOM GRALISH / Staff Photographer )
Revel casino, on the boardwalk in Atlantic City, N.J., on June 26, 2014. ( TOM GRALISH / Staff Photographer )Read more

A hearing Monday on the sale of Atlantic City's defunct Revel Casino Hotel has been postponed by consent of all parties.

The hearing was scheduled to challenge a U.S. Bankruptcy Court ruling Friday that blocked sale of the building, which closed in September, to Florida developer Glenn Straub for $82 million.

The Monday hearing would have also addressed whether power to the building could be shut off due to unpaid bills. ACR Energy Partners spent about $160 million constructing Revel's central utility plant, resulting in $118.6 million in municipal bond debt. ACR says Revel owes $20 million in unpaid bills since June.

A new hearing date has not been announced. Judge Gloria Burns blocked Straub's latest offer because appeals are still pending on an earlier offer to buy the building for $95.4 million.