The Daily Docket: Revel Casino Gets Two New Bids

At least two new offers to buy the Revel Casino Hotel have surfaced, challenging Florida developer Glenn Straub’s bid to buy the shuttered Atlantic City, N.J., resort for $82 million. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

After a brush with liquidation last week, a reimagined version of the chain will debut later in April under the ownership of hedge fund Standard General LP with an assist from Sprint Corp. Read the DBR article in WSJ.

Doral Financial Corp . wants court permission to sell its insurance arm to Anglo-Puerto Rican Insurance Corp. for $10.75 million, subject to higher bids at an auction, DBR reports in WSJ.

Teen clothing retailer Wet Seal Inc. won court approval Wednesday to be acquired by an affiliate of Versa Capital Management LLC in a deal that keeps at least 140 stores open, DBR reports in WSJ.

According to WSJ, bondholders of the Puerto Rico Electric Power Authority unveiled a $2 billion revitalization plan.

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