July 30, 2014
A New Jersey bankruptcy judge on Wednesday approved a plan that would give Revel AC Inc., owner of Atlantic City's beleaguered Revel Casino Hotel, permission to dole out $1.75 million in executive bonuses in connection with the hotel's sale.
July 14, 2014
A New Jersey bankruptcy judge on Friday approved rules for the auction of Atlantic City's beleaguered Revel Casino Hotel, landing Revel one step closer to finding a buyer for as much as $1 billion of assets in its second round of Chapter 11 bankruptcy protection.
July 11, 2014
The bankrupt owner of Atlantic City's Revel Casino Hotel and Wells Fargo Principal Lending LLC on Friday reached a deal in New Jersey bankruptcy court with its unsecured creditors over proposed sale procedures in an auction of the company's assets, estimated to be worth up to $1 billion.
July 08, 2014
Owners of high-end restaurants and entertainment services at Atlantic City's bankrupt Revel Casino Hotel on Monday objected to proposed sale procedures, saying they are entitled to be part of the auction process since they will have to work alongside the buyer.