Atlantic City Casino Accused Of Offering Bogus Refunds

Law360, New York (September 16, 2013, 8:11 PM EDT) -- Revel, the Atlantic City, N.J., casino that emerged from bankruptcy in May, was hit with a putative class action Thursday in New Jersey federal court alleging Revel's promotional offer to refund slot losses, launched to goose its business, intentionally defrauded customers. 

Margaret and Nicholas Peragine filed suit against the casino’s owners, Revel Entertainment Group LLC and Chatham Asset Management LLC, on behalf of themselves and anyone who gambled on Revel’s slot machines in July. According to the complaint, Revel rolled out a successful promotion to draw...
To view the full article, register now.