Revel Co-Owner Gets NJ Regulator's OK To Operate Casino

Law360, New York (February 12, 2014, 4:55 PM EST) -- New Jersey casino regulators on Wednesday approved hedge fund Chatham Asset Management LLC as Revel Casino Hotel’s largest equity holder, capping off a months-long vetting of the Atlantic City resort and casino’s new mix of owners following its emergence from bankruptcy last year.

In a unanimous decision, the New Jersey Casino Control Commission approved the suitability of Chatham, its affiliated entities and executives — who together own 28 percent of Revel — as co-owners of Revel. Wednesday’s decision caps off a nine-month investigation into the background...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.