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Revel Casino Plans for Bankruptcy

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February 19, 2013

The almost one year old Atlantic City casino, Revel, will be filing for bankruptcy.

The casino company is looking at the bankruptcy as a way to move forward in a difficult time. During the financial reorganization, the casino plans to continue many of their daily operations. This will ensure that guests to the casino will still enjoy their visits. No lay offs for employees are scheduled at this time.

The casino cost $2.4 billion to build. Currently, the casino's debt is $1.5 billion. Chapter 11 bankruptcy will be filed in March.

Return to New Jersey Casinos.
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