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Revel proposed to be reopened as a casino

3 October 2014

ATLANTIC CITY, New Jersey -- The winner of the Revel auction says they intend to reopen the property exactly as its previous purpose was -- a casino hotel, the Press of Atlantic City reported.

Brookfield US Holdings LLC won the auction with a bid of $110 million, the report said.

The auction will now likely be court contested by Steve Taub, a Florida real estate developer, who says the auction was "botched" by Revel's lawyers, according to the Press of Atlantic City report.

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