Rather, he pointed to Brookfield’s success with past ventures including Atlantis in the Bahamas. Brookfield declined to comment on the auction or impending case.Īndrew Willis, a company spokesman, declined to discuss any plans for Revel. A hearing has been scheduled for October 20. He complained to the Wall Street Journal that Revel’s owners insisted he come up with a better offer by 6:00 a.m, which he was unable to do. Straub, who offered, $95.4 million plans to sue. According to the Washington Post, another casino, Trump Taj Mahal, is expected to close its rooms later this month.īrookfield, which also owns Hard Rock Hotel and Atlantis in the Bahamas, outbid Florida real-estate developer Glenn Straub for the property. Of those, four closed this year, the most recent being Trump Casino, which shut its doors in September. Earlier this year, Atlantic City had twelve casinos. The beachfront resort is smoke-free and features more than 1,800 rooms with sweeping ocean views. It’s not the only Atlantic City casino to suffer. Atlantic City Things to Do in Atlantic City Revel Revel 770 reviews Casinos This location was reported permanently closed Write a review About Revel is a new destination for uncommon recreation. Revel has declared bankruptcy twice following its opening. Since 2006, Atlantic City casino revenues have fallen by 45%, according to a 2014 report from the Center for Gaming Research, as competition rises from nearby states and from Las Vegas. The casino’s fire sale is another ominous sign for Atlantic City, the gambling Mecca for the Northeastern corridor that has hit rough times.
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