REPORT: Brookfield Wins Revel for $110M

By Matt Rooney | The Save Jersey Blog

The Revel casino, slated to close at the end of the 2014 summer season.

Heads up:

Reuters reported on Wednesday morning that Brookfield Asset Management had won the auction for the Revel Casino with a $110 million, Save Jerseyans, paying a fraction of the $2.4 billion originally invested in the resort’s development and construction but offering some hope for a future for New Jersey’s most economically-challenged region.

Brookfield, a Canadian company with nearly $20 billion in annual revenues and an estimate $180+ billion in assets, owns the Hard Rock Hotel and Casino in Las Vegas.

The new owners reportedly plan to reopen Revel as a casino…


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