A Canadian company that won a bankruptcy court auction for Revel plans to re-open it as a casino.

Brookfield US Holdings, LLC, told The Associated Press it plans to operate the Boardwalk property as a casino hotel. The Revel property, which may or may not change names, joins the company's other properties: the Hard Rock Hotel and Casino in Las Vegas and Atlantis Paradise Island in the Bahamas. Brookfield submitted a bid of $110 million in an auction that began Tuesday morning and lasted until early this morning. A bankruptcy court hearing to approve the sale is scheduled for October 7th.

Most of the auction talk centered around Florida developer Glenn Straub, who initially submitted a $90 million offer and had grand plans for the facility, including building a second hotel tower to house geniuses in a college. Straub's attorney could not reached after Revel announced its decision, but Stuart Moskovitz complained about the auction process and said the Brookfield offer that was made shortly before midnight came with a caveat that it be accepted by 6AM Wednesday or else it would be withdrawn. That left Straub with little ability to effectively plan a counter-offer, he said. That sets up a likelihood that Straub will challenge the proposed sale at the hearing next Tuesday in federal bankruptcy court.

The Associated Press contributed to this report.