Revel, Atlantic City, N.J.
Revel, the huge, new Alantic City, N.J., meeting hotel and casino, plans to file for Chapter 11 bankruptcy protection to improve cashflow and better support day-to-day operations. The $2.5 billion beachfront property, which opened in May 2012, will continue normal operations during the financial restructuring process, with no affect on guests, meetings, events, employees, or vendors, according to officials. The voluntary filing will allow the owners, Revel AC Inc., to reduce the ...
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