Atlantic City's Revel files for bankruptcy

03/25/2013 | Philadelphia Inquirer, The

AC Revel, which owns the Revel casino resort in Atlantic City, N.J., filed for Chapter 11 bankruptcy after it secured enough votes from its lenders. "Backed by overwhelming lender support, we remain on track to complete our financial restructuring ahead of the critical summer season. We will emerge from this recapitalization positioned for long-term success, with the financial capacity to pursue our amenity enhancement opportunities, and the ability to continue providing our guests with a signature Revel experience," said Jeffrey Hartmann, Revel's interim CEO.

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Philadelphia Inquirer, The

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