Atlantic City's Revel eyes 'strategic alternatives' - New York News

Atlantic City's Revel eyes 'strategic alternatives'

Posted: Updated:
Photo by Arun Kristian Das Photo by Arun Kristian Das
WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) - Six months after exiting bankruptcy court, Atlantic City's newest casino may be up for sale - or headed back to bankruptcy.

Revel Casino Hotel says it is pursuing "strategic alternatives," which in the gambling resort usually means the property is being marketed for sale, or considering a bankruptcy filing.

But the company stresses it has not decided on any specific course of action, and cautions it is possible that no transaction will result from the exercise.

It won't say what options are under consideration.

Revel also announced it has received additional financing, and that the $2.4 billion casino hotel intends to operate normally while it considers its future.

One of the advisers it hired last week helped it through its bankruptcy case in March.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • NJ brush fire forces evacuations

    NJ brush fire forces evacuations

    Thursday, April 24 2014 2:04 PM EDT2014-04-24 18:04:00 GMT
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
  • Large brush fire raging in Berkeley; homes evacuated

    Large brush fire raging in Berkeley; homes evacuated

    Thursday, April 24 2014 1:05 PM EDT2014-04-24 17:05:30 GMT
    A massive brush fire is burning acres of land between Grand Central and Northern Boulevards in Berkeley. Homes are being evacuated in the area. Police are in the area, including helicopters. We'll have more on this story as it becomes available.
    A massive brush fire is burning acres of land between Grand Central and Northern Boulevards in Berkeley. Homes are being evacuated in the area. Police are in the area, including helicopters. We'll have more on this story as it becomes available.
  • Man charged in theft of woman's dog on first date

    Man charged in theft of woman's dog on first date

    Thursday, April 24 2014 11:47 AM EDT2014-04-24 15:47:04 GMT
    A man who allegedly stole a woman's Yorkshire Terrier and flat-screen TV during their first date has been charged with two counts of theft.
    A man who allegedly stole a woman's Yorkshire Terrier and flat-screen TV during their first date has been charged with two counts of theft.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices