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revel News

Financially strapped Atlantic City considers gamblers' way out

Atlantic City - East Coast gambling mecca Atlantic City, N.J., is almost out of chances to save itself from looming financial catastrophe.

Atlantic City's shuttered Revel casino faces new power hurdle

Atlantic City - The new owner of the shuttered $2.4 billion Revel Casino-Hotel in Atlantic City says he won't pay more than $1 million in overdue power bills because the utility company will not account for the electricity usage.

Atlantic City fines bankrupt casino-hotel for losing power

Atlantic City - The empty Revel casino-hotel has already been fined $20,000 and will continue to be fined $5,000 a day by the city of Atlantic City until it gets electric service restored, officials said.

Toronto bidder cancels plans to buy Atlantic City casino

Toronto - A Canadian investment firm appears to have has backed away from plans to buy a bankrupt Atlantic City, N.J., casino even though its indecision could cost $10 million.

Bankruptcy court auction of Atlantic City megacasino to resume

Atlantic City - A bankruptcy court-supervised auction for Revel, the multibillion-dollar Atlantic City casino that collapsed earlier this month, resumes today in New York City.
 

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The Revel casino hotel in Atlantic City  N.J.  is shown in June 2011.
The Revel casino hotel in Atlantic City, N.J., is shown in June 2011.
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