The Daily Docket: Judge Approves Revel Sale

A bankruptcy judge on Monday approved the sale of Atlantic City, N.J.’s Revel Casino Hotel to Florida real-estate developer Glenn Straub for $95.4 million, after Mr. Straub took the unusual step of objecting to a deal with himself. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

Communications infrastructure company UniTek Global Services Inc. on Monday won bankruptcy-court approval of a restructuring plan that will cut millions of dollars in debt off its books, DBR reports.

A judge is taking up arguments over whether to recuse federal prosecutors from a criminal case against former executives of Freedom Industries, the Associated Press reports.

The U.K. arm of Banco Espírito Santo de Investimento, S.A. was fined for violating listing rules, MoneyBeat reports.

A Wall Street trade group wants a panel of outside experts to decide is swaps holders can collect on what some said was a default by Caesars Entertainment Operating Co., WSJ reports.

Cyprus plans two international debt issues this year, Reuters reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa