Brookfield Asset Management is dropping its plan to buy Atlantic City's Revel Hotel Casino for $110 million, company spokesman Andrew Willis said Wednesday.

Brookfield has been unable to work a new deal with bondholders who provided $118.6 million to build the energy plant that supplies the $2.4 billion Revel, according to the Press of Atlantic City.

Without a deal to reduce the fixed costs of the energy plant, Brookfield apparently decided the deal wasn't tenable.

Read more at http://www.philly.com/philly/business/20141120_Revel_casino_buyer_backs_out_of_deal.html#igKdtrfcB5XGdfqc.99