Brookfield Asset Management, the firm that planned to buy the shuttered Revel Casino Hotel in Atlantic City, has "terminated" its attempt at acquisition, according to a statement released to the press. The company planned to buy the casino, which opened two years ago at a cost of $2.4 billion, for $110 million from bankruptcy court and to reopen it as gaming resort. But Brookfield spokesperson Melissa Coley told the Press of Atlantic City that the decision to bail was made when the property's bondholders refused to restructure debt relating to construction of the hotel's power plant. Still waiting in the wings is Florida developer Glenn Straub, whose offer of $95.4 million for Revel was considered the runner-up bid.TagsHotels and Resorts