Corporate Bits | Galaxy Macau, BMW engineer automotive show

This Chinese New Year, from 19 February to 5 March, BMW will host a showcase of its vehicles at Galaxy Macau’s East Square, the venue for exhibitions and special events. According to a press release from the organizers, “from the compact MINI and BMW 2 Series Active Tourer, to the ultra-luxurious 7 Series, off-road X Series and environmentally friendly electric i3, car lovers and BMW fans will be in automotive heaven. Galaxy Macau is also proud to host the plug-in hybrid BMW i8, a unique Chinese New Year special edition MINI, and the 28 February launch of the new MINI Countryman – all for the first time ever in Macau!”
For families, children can also race with the BMW Baby Racer at the Kids Zone, join an origami workshop, take the Playstation simulator challenge and snap a few shots at the photo booth. Guests can climb inside a BMW and test drive it around Galaxy Macau by simply registering at the counter. And the latest BMW and MINI lifestyle collections will be on showat the BMW Lifestyle Pop-up Store.

Revel and straub continue talks as judge weighs ending sale

Revel AC Inc. urged a judge to let it scrap the second attempted sale of its bankrupt Atlantic City, New Jersey, casino and try for a third time to find a buyer.
The current proposed buyer, Florida real estate investor Glenn Straub’s Polo North Country Club Inc., has no intention of going through with the deal and Revel needs to find another suitor, the casino’s lawyers told U.S. Bankruptcy Judge Gloria Burns in Camden, New Jersey.
While Polo North has stated that it’s still willing to go through with the deal “the truth is they’re not,” John K. Cunningham, a lawyer for Revel, told the judge Tuesday.
“Actions speak louder than words and their inaction speaks the loudest” of all, leading Revel to conclude “that we need to move on to a new buyer,” Cunningham said.
“There have been a lot of inquiries but no serious” offers so far, the casino owner’s chief restructuring officer, Shaun Martin, testified at the hearing.
Revel, which opened in April 2012 at a cost of USD2.4 billion, filed for bankruptcy in June and closed in September as Atlantic City lost business to competitors in neighboring states. Brookfield Property Partners LP, which won a bankruptcy auction for the assets with a $110 million offer last year, walked away, leaving Polo North as the only suitor.