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Brookfield Terminates Plans to Buy Revel

Brookfield Terminates Plans to Buy Revel

Toronto-based Brookfield Asset Management has terminated its plans to acquire the shuttered Revel Casino Hotel in Atlantic City for $110 million from bankruptcy court, AP reports. The company had intentions to reopen the business as a casino hotel. The withdrawal ...

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Trump Taj Mahal Will Likely Close Dec. 12

Trump Taj Mahal Will Likely Close Dec. 12

Trump Entertainment Resorts intends to close the 2,000-room Trump Taj Mahal in Atlantic City on Dec. 12, lawyers said Friday, making it the fifth of the city’s 12 casinos to shut down this year. The company had filed for bankruptcy ...

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Atlantic City’s Revel to Close in September

Atlantic City’s Revel to Close in September

After failing to find a buyer in bankruptcy court, Revel Casino Hotel in Atlantic City will close its doors Sept. 10, according to a report from the Associated Press. The property, which cost $2.4 billion to build, opened in April ...

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Atlantic City’s Revel Has Six Potential Buyers

Atlantic City’s Revel Has Six Potential Buyers

There are six potential buyers for the Revel Casino Hotel, Atlantic City’s mayor said Wednesday. The 1,399-room hotel is up for sale next month at a bankruptcy auction. The property, which cost $2.4 billion to build, opened in April 2012 ...

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Is There Good News for Hotels in Atlantic City?

Is There Good News for Hotels in Atlantic City?

Despite all the headlines about a number of casino hotels closing and the rapid downward spiral in gaming revenues in the last few years, analysts and representatives of Atlantic City’s hotel and tourism industry do see positive signs. For instance, ...

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