A bankruptcy court judge says she will approve an auction Sept. 24 for the closed $2.4 billion Revel Casino Hotel.
A deal to sell Revel Casino Hotel at a bargain basement apparently doesn’t impress the federal bankruptcy trustee involved in the process.
A resource center has opened in Atlantic City, NJ to assist the thousands of people laid off by this weekend’s shutdown of the Revel and Showboat casinos.
If the owners of Revel Casino Hotel had their way, the $2.4 billion resort would have been shut down on Monday.
The hotel will close on Monday, September 1 at 11 a.m. The casino will follow on Tuesday at 5 a.m.
Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
Chris talks with Philly Mag editor Tom McGrath about the Philly Mag party at Citizens Bank park and more. Chris also talks with Senator Pat Toomey about Hillary Clinton’s foreign policy record and more. Sabina, a loving 5 year old Pit Bull mix is Piazza’s Pet of the Week.
Despite casino closures, Atlantic City is still a destination that draws 25 million visitors a year.
Atlantic City’s newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort’s gambling market.
Today is the deadline for prospective buyers of the $2 billion dollar complex to submit sealed bids to a New York law firm. Those bids will be opened later in the week, and then it’s all up to a federal bankruptcy judge in Camden.
Atlantic City’s mayor says there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction.
Atlantic City mayor Don Guardian says he has a four-year plan that will turn the city back into the destination resort it was before the casinos arrived.
The people who run the Hard Rock franchise appeared to be backing off a potential deal.
Efforts to find a buyer or partner for the financially troubled Revel casino in Atlantic City may have been dealt a blow this week
Outside the only casino yet to play ball, Local 54 rallied at the Revel Wednesday demanding workers be allowed to unionize.