U.S. court allows termination of Revel Casino's sale to Brookfield: Reuters

A New Jersey bankruptcy court judge approved an unopposed request to terminate the sale of the Revel casino in Atlantic City to Brookfield Asset Management at a hearing on Friday, Reuters reported. Brookfield, which had made a US$110 million bid for the casino, backed out of the deal because it failed to reach an agreement with bondholders who owned Revel's power plant.

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