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Report: Revel casino buyer backs out
The company approved to buy the bankrupt Revel Casino Hotel in Atlantic City has canceled the deal.
According to the Press of Atlantic City, a spokeswoman for Brookfield U.S. Holdings LLC told the paper it would "walk away from the transaction."
Brookfield had agreed in October to buy the casino for $110 million, beating a Florida developer's bid of $95.4 million.