Atlantic City's Shuttered Revel to Reopen

Revel Atlantic City

A month after its original owners closed it, Revel Casino Hotel's new owners plan to reopen it, according to news reports.

Revel Casino Hotel, which opened in 2012 in Atlantic City, NJ, was shut down on Sept. 2 and subsequently purchased at bankruptcy auction by Toronto-based Brookfield Asset Management, whose $110 million offer was declared the winning bid on Oct. 1.

Upon winning the auction, Brookfield announced its intention to reopen the shuttered resort.

"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, told Bloomberg, although she declined to comment on a timeline for the reopening.

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