Atlantic City's Revel is getting another chance at success, as it was sold at auction today for $110M.

Its buyer has announced plans for the massive structure...so what are they?

 

Revel Casino Hotel in Atlantic City (AP Photo/Wayne Parry)

The Associated Press reports that Brookfield US Holdings LLC said it will be operating the property as a casino hotel.

Yep, the casino that couldn't is back. The good news is, the new company comes with two big names attached.

A spokesman told the AP, 'With our ownership of the Hard Rock in Las Vegas and the Atlantis Paradise Island in Bahamas, we have expertise underwriting and operating these types of multi-faceted assets. We anticipate material synergies between these three high-quality properties.'

Hard Rock A.C.? Yes, please.

Before any of that can happen, the sale has to be approved at a bankruptcy court hearing on October 7th. The sale will likely be challenged by Florida Developer Glen Straub, who placed a $90M cash bid on the property last month.

Is it a good decision to reopen Revel as a casino? Tell us in the comment section below!