Revel's Auction

[JIMDUECE`SWILD]

 http://www.reuters.com/article/2014/09/ ... N620140923

[Tedlark]

  Straub has allready come out and said they would contest the auction sale if he didn't get it.

[Tedlark]

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?

[chattycattty]

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.

[DaBurglar]

Now there is a glimmer of Hope....yay!

[BillyJoe]

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)

[chattycattty]

I think they also own the new casino that is opening up in South Lake Tahoe where Horizon used to be.

[BillyJoe]

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)

[JIMDUECE`SWILD]

http://www.pressofatlanticcity.com/news ... 32cb9.html 

[JIMDUECE`SWILD]

http://www.philly.com/philly/business/2 ... icult.html