Revel Casino Still Talking With Potential Bidders
ATLANTIC CITY, N.J. (AP) — A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
In a notice adjourning an auction of Revel that had been set for Thursday, its lawyers say they are engaged in “ongoing negotiations” with “certain potential bidders” it did not identify.
The filing follows Revel’s announcement that will shut down by Sept. 10, having been unable to find a buyer.
The casino held out hope a buyer could eventually be found through bankruptcy court, but said it needs to begin winding down its operations.
The news came on the same day that state casino regulators reported Atlantic City’s casinos took in 11 percent less from gamblers in July than they did a year ago.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
You may also be interested in these stories:
- 140 Pairs Of Underwear Stolen From Northeastern Pa. Store In 4 Heists
- Police Searching For Man Who Robbed Popular Cobbs Creek Cheesesteak Shop 3 Times
- Doctors: Del. Family Sickened By Pesticide While Vacationing Will Probably Not Recover
- Sunburn Art: A Dangerous New Trend?
- Ocean City Retains Title As New Jersey’s Most Popular Beach