October 15, 2013
Revel Entertainment Group LLC, the Atlantic City luxury resort that recently emerged from Chapter 11 bankruptcy, was hit with an adversary lawsuit in New Jersey bankruptcy court on Monday by IDEA Boardwalk LLC for allegedly defaulting on obligations for three new nightclubs after IDEA invested $16 million.
May 21, 2013
Revel AC Inc. has completed its financial restructuring and emerged from Chapter 11 bankruptcy with lenders now owning an 82 percent stake in the Atlantic City luxury resort and casino, it announced Tuesday.
May 15, 2013
The New Jersey Casino Control Commission on Wednesday approved Revel AC Inc.'s Chapter 11 bankruptcy reorganization plan, one of the last hurdles the luxury Atlantic City resort needed to clear before emerging from bankruptcy by the end of the month.
May 13, 2013
Revel AC Inc. said Monday that a New Jersey federal bankruptcy court has confirmed its restructuring plan, clearing the way for the Atlantic City casino operator to emerge from bankruptcy by the end of May.