Winning bid reported for former Revel Casino hotel

UPDATE: Brookfield Property Partners is reported by NBC10.com to have been declared the winner better for the Revel Casino hotel in Atlantic City.

Late Tuesday night, the attorney for Florida developer Glenn Straub said the auction was adjourning until Monday.

But both sides later agreed to continue the auction and by early Wednesday a Canadian firm had submitted the high bid thus far.

Straub attorney Stuart Moskovitz says rival bidder Brookfield Asset Management, which owns casinos in Las Vegas and the Bahamas, had increased its offer to more than $110 million, but was making that bid contingent on it being accepted by 6 a.m.

Brookdale representatives did not return messages seeking comment.

Straub's initial $90 million bid set the floor for the auction.

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