Auction buyers for the Revel have plans to operate the Boardwalk property as a casino hotel.

As reported by the Associated Press:

Toronto-based Brookfield US Holdings LLC told The Associated Press on Wednesday it plans to operate the Boardwalk property as a casino hotel, adding it to casinos it owns in Las Vegas and the Bahamas.

A bid of $110 million was submitted by Brookfield in an auction that began Tuesday morning and lasted until early Wednesday.

No specific business plans have been revealed yet, but the new owners also got a positive nod from the casino workers’ union that had previously fought the non-union Revel even before it opened.

Bob McDevitt, president of Local 54 of the Unite-HERE union, expressed his confidence with these words:

“We look forward to sitting down with Brookfield and working out a positive relationship for the workers who were displaced by its closing.”

Revel closed it's doors on Sept. 2 after a little more than two years of operation.

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