The Daily Docket: Judge Approves Revel Sale to Brookfield

Atlantic City, N.J.’s Revel Casino will be sold to private-equity firm Brookfield Capital Partners LP for $110 million, a U.S. judge decided, rejecting Florida real-estate developer Glenn Straub’s arguments he didn’t get a chance to top the bid. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

A bankruptcy judge Tuesday approved a plan to pay off creditors of Chicago’s Spire, a 150-story condominium tower that has languished during the downturn, and hands the project over to a new investor who hopes to get it off the ground, DBR reports via WSJ.

Comcast Corp . took its fight against the sale of the Texas television channel that broadcasts Major League Baseball’s Houston Astros and the National Basketball Association’s Houston Rockets to the courtroom. Read the DBR article in WSJ.

WSJ looks at the meltdown of GT Advanced Technologies .

WSJ reports on Timothy Geithner’s testimony in the American International Group Inc. bailout lawsuit.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.