Anyone interested in buying a $2 billion casino resort for 5 percent? If so, head up to Atlantic City as the Revel Casino will be back on the market effective Tuesday morning. According to CBS New York, Revel lawyers will file a motion in bankruptcy court on Tuesday to cancel a deal with Glenn Straub after he was unable to close on the property by midnight Monday.

Straub had been seeking an extension on the closing date to February 28 after a U.S. District Court judge refused to terminate the rights of Revel tenants. He had wanted to purchase the property without any restrictions, which meant that he had the right to immediately kick former tenants out of the property. This would have cost millions in investments by these tenants.

Straub Didn’t Close By Midnight So Revel Walked

When former tenants went to a federal appeals court to fight for their rights, Straub attorneys hinted that he might walk away from the sale entirely. On Friday, an appeals court reversed a previous ruling that the property could continue without consideration of property leases.