November 24, 2015
The new owner of Revel Casino Hotel and its utility provider reached a $45 million settlement Tuesday that will end the litigation over a soured power supply contract and restart full electricity service at the shuttered New Jersey venue.
November 05, 2015
The litigation between Revel Atlantic City's new owner and the utility that shut off the casino hotel's power amid a lease disagreement will stay in federal court, after a judge determined Thursday that the "maze of allegations" was tied to Revel's bankruptcy.
October 30, 2015
Bank of New York Mellon said Thursday that the new owner of the shuttered Revel Hotel Casino owes its energy supplier $1 million, and it wants a federal judge to order business tycoon Glenn Straub to pay up before he racks up more debt.
August 19, 2015
A New Jersey federal judge on Wednesday ruled The Bank of New York Mellon can join the fight between the new owner of the shuttered Revel Casino Hotel and the resort's former energy supplier because the bank has an interest in "substantially all" of the supplier's assets.
April 17, 2015
A New Jersey federal judge issued a bench ruling on Friday morning barring the new owner of the shuttered Revel Casino Hotel in Atlantic City from using equipment claimed by the resort's former energy supplier to restore power to the building following a weeklong blackout.
April 16, 2015
The energy company locked in a literal power struggle with the new owner of the shuttered Revel Atlantic City in New Jersey released a statement Thursday undercutting several options that have been floated to restore the casino hotel's electricity following a weeklong blackout.
April 15, 2015
Following several hours of closed-door negotiations in New Jersey federal court on Wednesday, the new owner of Atlantic City's shuttered Revel Casino Hotel cast doubt on the possibility of reaching a deal with operators of the resort's specially made utility plant to end the building's nearly weeklong blackout.