New Owner to Reopen Atlantic City's Revel Casino Hotel
Revel Casino Hotel's new owners, Brookfield Asset Management, plans to reopen the shuttered gaming resort, according to news reports. Revel, which opened in 2012 in Atlantic City, was shut down on Sept. 2 and subsequently purchased at a bankruptcy auction by Brookfield for $110 million last week. A spokesperson for Brookfield said, "We will be in discussions with all parties and partners involved to formulate a feasible plan that ensures the long-term viability of this property as a resort destination." She declined to comment on a timeline for the reopening.