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 06, 2015
The Bank of New York Mellon became a party to real estate tycoon Glenn Straub's lawsuit against ACR Energy Partners LLC over a defunct deal to illuminate Revel Hotel Casino on Friday when a New Jersey federal judge agreed the financial giant controls the utility's assets.
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.
October 13, 2015
The energy company refusing to supply power to Revel Hotel Casino is now undermining efforts to secure a new source of heat critical to preventing building damage and keeping the shuttered venue's planned relaunch on track, the property's new owner told a New Jersey federal judge Saturday.
September 14, 2015
The energy supplier of the shuttered Revel Hotel Casino has resorted to raising "irrelevant and frivolous issues" to block a motion to remand the litigation between the parties to New Jersey state court, the venue's new owner said in federal court filing Friday.
September 08, 2015
The former energy provider for the shuttered Revel Casino Hotel, now enmeshed in litigation with Revel operator Polo North Country Club Inc. over supplying power to the building, said Polo North has refused to pay for energy services while it tries to flip the complex to a new buyer.