ATLANTIC CITY, N.J. (AP) – A second buyer has been identified in the ongoing bankruptcy auction of the failed Revel casino hotel in Atlantic City.
In a court filing, Revel’s attorneys identified Brookfield Asset Management as a bidder.
That firm, which owns casinos in Las Vegas and the Bahamas, is vying with Florida developer Glenn Straub for the right to buy the $2.4 billion Revel for pennies on the dollar.
Straub’s attorney says there are apparently only two bidders.
He made the initial $90 million bid as a so-called “stalking horse” to set the floor for the auction.
Brookfield owns the Hard Rock Hotel & Casino in Las Vegas, and the Atlantis Paradise Island in the Bahamas.
Copyright 2014 The Associated Press.
