Revel to receive $150 million additional financing

12/27/2012 | Press of Atlantic City (N.J.), The

Officials of the Revel casino in Atlantic City said the resort's investors will provide $150 million in additional capital to help the gaming facility improve its amenities and manage its debt. "We believe these new and expanded gaming offerings, combined with newly appointed leadership, specifically in our slot marketing area, will generate significant improvement in our overall gaming volumes, particularly as we enter into the spring and summer seasons," said Kevin DeSanctis, chairman and CEO of Revel.

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Press of Atlantic City (N.J.), The

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