It cost $2.4 billion to build Atlantic City's Revel casino and hotel a couple of years ago, but the property was just sold at a bankruptcy auction for a mere $110 million.
Winning bidder Brookfield Asset Management plans to reopen the venue as a casino, but won't say whether it will keep the Revel name.
Vegas casino owner to reopen Atlantic City's Revel - Oct. 1, 2014
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