Expert Discusses If Third Time Could Be A Charm For Selling Revel CasinoIn the ongoing drama that is the fate of the shuttered Revel Casino, a bankruptcy judge could well throw out a second deal to sell the place next week.
Caesars Files for Bankruptcy Protection for Two Atlantic City CasinosCompany officials say operations at its facilities, including a pair of Atlantic City casinos, will go on as usual.
New Owner of Revel Resort Sidesteps Rehiring of Laid-off WorkersAmong the many provisions included in the $110-million deal for Brookfield Property Partners to buy the closed Revel Hotel and Casino is a statement that the company is not necessarily tied to rehiring Revel workers.
Expert Believes The Strong Will Survive In Atlantic CityFor all the pain, one expert says things in Atlantic City are not as bad as they seem.
Expert Says a Revel Buyer Will Need Very Deep Pockets To SucceedReports indicate that developer Glenn Straub wants nothing to do with a casino, assuming the deal goes through in federal bankruptcy court. But what he might do with the $2.4-billion property is not clear.
Revel Casino Building Now Faces An Uncertain FutureDespite casino closures, Atlantic City is still a destination that draws 25 million visitors a year.
Revel Casino's Future Will Become A Lot Clearer This WeekToday 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.
Potential Revel Casino Buyer Hedging Its Bets A BitThe people who run the Hard Rock franchise appeared to be backing off a potential deal.
Another Atlantic City Casino-Hotel Struggling Through BankruptcyThe Atlantic Club, the old Hilton, tried to lure in locals with lower-priced table games, economical food, and entertainment. Even free parking.
Atlantic City Casino Revenues Rise For First Time in 3½ YearsThe last time the casino “win,” as it’s called, was up was in August 2008.