Brookfield Property Partners, the winning bidder for the closed Revel casino and hotel in Atlantic City, US, said it plans to reopen the property as it expands its investments in gambling venues.
“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,” Melissa Coley, a Brookfield spokeswoman, said. She declined to comment on the timing of a reopening.
Brookfield said it won the bankrupt casino property with a $110m bid in an auction. The deal adds to its holdings of the Hard Rock Hotel and Casino in Las Vegas and three other resorts, including the Atlantis Paradise Island in the Bahamas, which the Bermuda-based company acquired in 2011.
