Brookfield Asset Management Bought Revel Casino for $110 Million

revel-casino-atlantic-city-new-jersey-75x50Revel Casino in Atlantic City was sold for $110 million to Brookfield Asset Management. The bankruptcy auction proved to be a good bargain for the company that purchased the casino facility for $2.4 billion. Richard B. Clark, who is the CEO of the sister company Brookfield Property Partners, said that the purchase was a good opportunity to acquire the newest and highest-quality asset in Atlantic City. He also added: “We’ll be in discussion with all parties and partners involved to formulate a feasible plan that ensures the long-term viability of the property as a resort destination.”

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