Revel has an owner!


According to Reuters, 'Brookfield Asset Management BAMa.TO BAM.N won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation.

The company outbid Florida real estate developer Glenn Straub, who did not submit a superior bid by 5:00 a.m. ET, one source said.'


This is the same company that owns Hard Rock Hotel and Casino in Las Vegas, and the Atlantis Paradise Island Resort, in the Bahamas.


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