Bankrupt Revel Casino Gets $250M To Stay In The Game

Law360, New York (April 18, 2013, 6:30 PM EDT) -- A federal judge in New Jersey gave the OK on Thursday to a $250 million debtor-in-possession financing plan that will allow bankrupt Atlantic City casino operator Revel AC Inc to keep its players gambling and its lights on as it goes through Chapter 11 reorganization.

The casino, which is the resort city’s newest and was hit hard when the recession hit in the middle of its construction, also said it came to an agreement with Atlantic City over back and future taxes, the company said....
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