🎰 Revel eyes 'strategic alternatives' for casino

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Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) - Revel broke the All eyes on Revel for August casino revenues Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) - August was a crucial month for Atlantic City's newest casino, Debt financing expenses sent Scientific Games' second quarter net loss.


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Revel Eyes ‘Strategic Alternatives’ for Casino – NBC10 Philadelphia
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Atlantic City's Revel Casino Eyes New Loans - WSJ
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A new casino bankruptcy hearing will take place on Monday to allow troubled Atlantic City mega-resort Revel to reduce its debt and secure new financing.


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atlantic citys revel casino eyes new loans

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Revel in Atlantic City (Governor's Office, Tim Larsen) received additional financing, and that the $ billion casino hotel intends to operate.


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Financially beleaguered Atlantic City is at risk of defaulting on millions in debt, a new credit analysis warned Thursday. The city faces a $40 million loan repayment at the end of March and needs access to the credit market to refinance that loan. “Should a casino become delinquent on its property tax payments as Revel.


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ATLANTIC CITY, N.J. Six months after exiting bankruptcy court, Atlantic City's newest casino may be up for sale -- or headed back to bankruptcy. Revel also announced it has received additional financing and it intends to.


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atlantic citys revel casino eyes new loans

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Revel in Atlantic City (Governor's Office, Tim Larsen) received additional financing, and that the $ billion casino hotel intends to operate.


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A new casino bankruptcy hearing will take place on Monday to allow troubled Atlantic City mega-resort Revel to reduce its debt and secure new financing.


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Revel in Atlantic City (Governor's Office, Tim Larsen) received additional financing, and that the $ billion casino hotel intends to operate.


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Revel has secured the money needed to complete construction according to the AC Press. Atlantic City Hotels and Places to Stay Borgata Hotel Casino & Spa New Jersey · 6, forum posts i'm a sucker for an ocean view, so that's mostly where my eyes were drawn. every other time i've been at showboat, i've had.


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Financially beleaguered Atlantic City is at risk of defaulting on millions in debt, a new credit analysis warned Thursday. The city faces a $40 million loan repayment at the end of March and needs access to the credit market to refinance that loan. “Should a casino become delinquent on its property tax payments as Revel.


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atlantic citys revel casino eyes new loans

The casino set out to increase its share of the gambling market and appeal to lower-end customers. But the company stressed it has not decided on any specific course of action, and cautioned it is possible that no transaction will result from the exercise. October figures are due out on Tuesday. Revel Casino Hotel says it is pursuing "strategic alternatives," which in this gambling resort town usually means the property is being marketed for sale, or considering a bankruptcy filing. Revel, now under new ownership led by Chatham Asset management, won't say what options are under consideration. Get the latest breaking news delivered straight to your inbox. Lee Statue NBA Sign up for Breaking News Alerts Be in the know.

Six months after exiting bankruptcy court, Atlantic City's newest casino may be up for sale -- or headed back to bankruptcy. Chrome Safari Continue.

Some customers complained its restaurant prices were too high and took their business elsewhere. Instead, they were gradually credited to a Revel player account over a period of several months, with restrictions on when they could be used. Once eagerly awaited as the potential savior of Atlantic City, it operated less than a year before filing for Chapter 11 bankruptcy protection in March. After the bankruptcy, new ownership led by Chatham Asset management, part of a lender group, took over. Revel exited bankruptcy court in May and set out to boost its casino business , which has remained stuck near the bottom of the city's 12 casinos. But that went awry, with a widely promoted "you can't lose" slots promotion angering many customers who thought their losses would be refunded in cash. Revel also announced it has received additional financing and it intends to operate normally while it considers its future. When Revel opened, its owners viewed it as a destination resort that just happened to have a casino, and marketed the property to high-end leisure travelers and companies seeking to book group events. One of the advisers it hired last week helped it through its bankruptcy case in March.