Brookfield wins Revel Casino auction, but loser vows to fight: Reuters
An affiliate of Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a US$110 million bid, but the losing bidder told Reuters he planned to fight the sale. The auction for the shuttered hotel and casino, which cost US$2.4 billion to build, concluded early Wednesday. Asked if he would challenge the result in court, Florida developer Glenn Straub said: "Absolutely."
2 October 2014•3 mins read
