Revel hope

Attorneys for the Revel casino in Atlantic City are attempting to salvage its sale to Brookfield Asset Management, which was reportedly abandoned last week.

The bankruptcy attorney for Revel has reportedly set up a meeting in New York to try to push through the $110m sale to Brookfield.

Brookfield bailed out of buying Revel when the holders of its power plant bonds opposed a reduction in utility rates, which are believed to be as much as $3m a month.

Source: Fantini Report