Bankruptcy Judge OKs Revel Sale To Brookfield

Map of New Jersey

Map of New Jersey (Photo credit: Wikipedia)

A federal bankruptcy judge in Camden on Tuesday approved the sale of Atlantic City‘s Revel Casino Hotel for $110 million to Brookfield Asset Management Inc.

“I believe the high bid of Brookfield should be approved,” U.S. Bankruptcy Judge Gloria M. Burns said.

The sale will mark the beginning of a new chapter in the short and tumultuous history of the $2.4 billion property that struggled from the day it opened in 2012.

Read more at http://www.philly.com/philly/business/20141008_Bankruptcy_judge_makes_Brookfield_new_owner_of_Revel.html#9DfB3Aab1OpydZmT.99

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