Brookfield Property Partners, a subsidiary of Toronto-listed asset management company Brookfield Asset Management, has withdrawn from the $110m acquisition of Atlantic City’s Revel Casino Hotel, potentially killing hopes of the venue reopening.
Brookfield Property Partners was announced as the winning bidder of a controversial bankruptcy auction last month. It agreed to pay $110m for the venue and immediately announced plans to reopen Revel as a casino.
However, Brookfield, which also owns the Hard Rock Hotel and Casino [...]
