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Revel AC, Inc.

  1. September 10, 2014

    Atlantic City's Revel Casino Gets $90M Offer For Assets

    Revel AC Inc., which shuttered its Atlantic City casino resort at the end of Labor Day weekend after filing for Chapter 11 bankruptcy protection, has received a $90 million stalking horse bid from a Florida developer for its assets, according to Wednesday filings in New Jersey bankruptcy court.

  2. September 04, 2014

    Revel's Bankruptcy Cut Clubs' Lives Short, Suit Says

    Idea Boardwalk LLC filed an adversary suit against Revel Entertainment Group LLC in New Jersey bankruptcy court Wednesday, alleging its 10-year operating rights to three bars and night clubs — for which it paid $16 million — were unfairly cut short by the Revel Casino Hotel's bankruptcy.

  3. August 29, 2014

    Ernst & Young, Revel Settle Prepetition Fee Complication

    Ernst & Young LLP has agreed to return $100,000 in fees it received from the Revel Casino Hotel prior to its second bankruptcy filing in order to resolve prepetition claim concerns, according to court documents filed days before the beleaguered Atlantic City casino closes its doors.

  4. August 21, 2014

    NJ's Revel Casino Gets Green Light For $275M DIP Loan

    A New Jersey bankruptcy judge on Thursday granted Revel Entertainment AC final approval for a $275 million debtor-in-possession loan, shoring up post-petition financing for Atlantic City's ill-fated Revel Casino Hotel days after it announced a Labor Day closing date.

  5. August 20, 2014

    Revel Casino Hotel Folds For The Second Time

    Atlantic City's Revel Casino Hotel will close Sept. 1, according to a Wednesday order, after failing to find a buyer in its second round of Chapter 11 bankruptcy protection, making it the fourth closure announced this year in Atlantic City's hobbled gaming industry.

  6. August 18, 2014

    Ravel Hotel Can't Jump-Start TM Suit Against Bankrupt Revel

    A New Jersey federal judge on Monday declined Ravel Hotel LLC's request to restart a trademark infringement suit that it has lodged against bankrupt Revel Casino Hotel and its licensor, as the Atlantic City property barrels toward closure next month.

  7. August 13, 2014

    Atlantic City's Bankrupt Revel Hotel Still In Auction Talks

    A day after announcing plans to cease operations next month, Atlantic City's beleaguered Revel Casino Hotel is still hopeful for a run of luck, saying in a Wednesday bankruptcy court filing it's still in talks with bidders in the hopes of keeping the property afloat.

  8. August 12, 2014

    Atlantic City's Bankrupt Revel Casino To Close Sept. 10

    The bankrupt Revel Casino Hotel announced Tuesday that it will shut down by Sept. 10 after failing to land a buyer in a planned bankruptcy auction, marking the downfall of Atlantic City's newest resort, which has been plagued by financial losses since opening just two years ago.

  9. August 08, 2014

    Fox Rothschild To Return Money, Continue As Revel Counsel

    Fox Rothschild LLP can represent Atlantic City's bankrupt Revel Casino Hotel after reaching a settlement with a government bankruptcy watchdog requiring the firm to return $254,000 to the debtors to resolve allegations that it received improper retainer payments from the hotel's owner, a New Jersey bankruptcy judge said Friday.

  10. August 04, 2014

    US Trustee Wants Fox Rothschild Off Revel Ch. 11

    The U.S. government's bankruptcy watchdog accused Fox Rothschild LLP on Monday of receiving improper retainer payments from the owner of Atlantic City's bankrupt Revel Casino Hotel, claiming that the resulting liability precludes the firm from representing the debtor.

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