Revel's Auction
-
- Video Poker Master
- Posts: 1434
- Joined: Sun Feb 18, 2007 1:26 pm
-
- Video Poker Master
- Posts: 8001
- Joined: Mon Oct 02, 2006 12:29 am
Straub has allready come out and said they would contest the auction sale if he didn't get it.
-
- Video Poker Master
- Posts: 8001
- Joined: Mon Oct 02, 2006 12:29 am
Its being reported today that Brookfield Asset Management won the auction with a bid of: $110,000,000. Is this the same company that owns Hardrock?
-
- VP Veteran
- Posts: 726
- Joined: Fri May 10, 2013 7:51 pm
They own Hardrock and they own Atlantis in the Bahamas. Should be good news for AC and help keep that end of the boardwalk from dying.
-
- Video Poker Master
- Posts: 4535
- Joined: Thu Jun 16, 2011 12:11 pm
Now there is a glimmer of Hope....yay!
-
- Video Poker Master
- Posts: 3198
- Joined: Sat Aug 23, 2008 2:00 pm
Brookfield submits winning bid for Revel casino
Brookfield Asset Management submitted the winning bid of $110 million for the Revel casino in Atlantic City, N.J. The Canadian company outbid Florida real-estate developer Glenn Straub, who had initially submitted a bid of $90 million. Brookfield owns casinos in Las Vegas and the Bahamas. Straub is slated to receive a $3 million breakup fee. Reuters (10/1), Las Vegas Review-Journal/The Associated Press (9/30)
Brookfield Asset Management submitted the winning bid of $110 million for the Revel casino in Atlantic City, N.J. The Canadian company outbid Florida real-estate developer Glenn Straub, who had initially submitted a bid of $90 million. Brookfield owns casinos in Las Vegas and the Bahamas. Straub is slated to receive a $3 million breakup fee. Reuters (10/1), Las Vegas Review-Journal/The Associated Press (9/30)
-
- VP Veteran
- Posts: 726
- Joined: Fri May 10, 2013 7:51 pm
I think they also own the new casino that is opening up in South Lake Tahoe where Horizon used to be.
-
- Video Poker Master
- Posts: 3198
- Joined: Sat Aug 23, 2008 2:00 pm
Yeah, this will really work without a good airport...
Revel buyers to reopen casino as "resort destination"
Brookfield Property Partners, the winning bidder for the Revel, said the company plans to reopen the shuttered casino as a "resort destination." The company owns casino properties including the Hard Rock in Las Vegas, and is expanding its portfolio beyond its prior focus on office and retail real estate. A Brookfield spokesperson did not say when the Revel could reopen. Bloomberg (10/1)
Revel buyers to reopen casino as "resort destination"
Brookfield Property Partners, the winning bidder for the Revel, said the company plans to reopen the shuttered casino as a "resort destination." The company owns casino properties including the Hard Rock in Las Vegas, and is expanding its portfolio beyond its prior focus on office and retail real estate. A Brookfield spokesperson did not say when the Revel could reopen. Bloomberg (10/1)
-
- Video Poker Master
- Posts: 1434
- Joined: Sun Feb 18, 2007 1:26 pm
-
- Video Poker Master
- Posts: 1434
- Joined: Sun Feb 18, 2007 1:26 pm