BankruptcyRevel Casino
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Gambling Business: Revel Casino Exits Bankruptcy (5/22/2013)
(Atlantic City) -- Revel, Atlantic City’s most expensive casino ever, emerged from Chapter 11 bankruptcy protection on Tuesday. It was built just over a year ago.
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Atlantic City's Revel exits bankruptcy court, shedding debt, giving lenders big stake (5/21/2013)
(Atlantic City) -- Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.
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Casino Control Commission approves Revel restructuring plan (5/15/2013)
(Atlantic City) -- New Jersey casino regulators today approved Revel's plan of reorganization, a key step toward the $2.4 billion megaresort emerging from Chapter 11...
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Revel admits mistakes in Atlantic City as restructuring plan gets OK (5/15/2013)
(Atlantic City) -- In what amounted to a $2.4 billion mea culpa, Revel’s new executive team admitted Wednesday that the luxury megaresort misjudged the Atlantic...
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Revel casino recovery plan OK'd by NJ regulators; smoking ban abandoned (5/15/2013)
(Atlantic City) -- Revel was given a second chance Wednesday from New Jersey casino regulators, and now it’s seeking the same thing from customers.
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Revel exits bankruptcy, hopes for a strong summer (5/14/2013)
(New Jersey) -- Revel's exit strategy from Chapter 11 bankruptcy was approved by a judge Monday, clearing the way for the lavish but financially troubled casino to...
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Court OKs casino's Chapter 11 reorganization plan (5/13/2013)
(New Jersey) -- A bankruptcy court judge in Camden has approved Revel's Chapter 11 restructuring plan, which will wipe out most of its debt and provide new money for...
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Judge rules Revel will be able to emerge from bankruptcy (5/13/2013)
(New Jersey) -- Revel will be allowed to emerge from bankruptcy, allowing the 1-year-old megaresort to continue operating with more than $1 billion less in loans, a...
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New Casino Bankruptcy Draws Eyes To Atlantic City’s Record-Setting Collapse (5/12/2013)
(Atlantic City) -- 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...
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New Casino Bankruptcy in NJ, Revenue Down 40% (5/12/2013)
(New Jersey) -- New Casino bankruptcy in NJ: Revel casino's gross revenue for April showed a decline of 40 percent from it's opening month, April 2012. The New...
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New casino bankruptcy: Atlantic City's Revel sees 40% revenue drop in first year (5/12/2013)
(Atlantic City) -- New Casino Revel in Atlantic City is the talk of the Jersey Shore, and not in a good way. The Casino is about to enter bankruptcy just over a year...
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Revel takes steps to restructure finances, ownership (5/7/2013)
(Atlantic City) -- Revel, the troubled $2.4 billion megaresort, is moving ahead with plans to overhaul its finances and ownership structure in U.S. Bankruptcy Court and...
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N.J. judge OKs Revel's bankruptcy financial plan (4/18/2013)
(Atlantic City) -- Revel is having much more success in bankruptcy court than it is at the slot machines and card tables.
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Restructuring Pros Revel in Conference Site (4/17/2013)
(Atlantic City) -- The Revel resort and casino in Atlantic City, N.J., hopes to check out of bankruptcy by the end of May. A few weeks later, a group of corporate...
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Revel Casino Cuts 83 Jobs on Drop in Atlantic City Gambling (4/17/2013)
(Atlantic City) -- Revel AC Inc., the bankrupt owner of Atlantic City’s newest casino, said it eliminated 83 jobs to bring costs in line as the New Jersey resort...
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Letter: Smoking will not be key to success at Revel Casino (4/7/2013)
(Atlantic City) -- To the Editor: Revel Casino isn’t the first business in New Jersey to go through bankruptcy reorganization, and it won’t be the last....
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Revel Restructured (4/3/2013)
(Atlantic City) -- Almost one year after opening its doors, Revel casino in Atlantic City has officially filed for bankruptcy.
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More snake eyes for Revel casino? (4/2/2013)
(Atlantic City) -- The Revel casino, Atlantic City’s gleaming, $2.4 billion mistake, filed for Chapter 11 bankruptcy last week, noting that it had $400 million...
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Revel Restructured (3/31/2013)
(Atlantic City) -- Last week, the $2.4 billion mega-resort filed a voluntary, pre-packaged Chapter 11 notice with the U.S. Bankruptcy Court in Camden.
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NJ Revel Bankruptcy Plan Includes Allowing Smoking (3/27/2013)
(Atlantic City) -- When the smoke clears from Revel’s bankruptcy ... there will be smoke. Atlantic City’s only smoke-free casino will soon allow patrons to...
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Revel tells bankruptcy court immediate help needed to continue operating (3/27/2013)
(Atlantic City) -- Revel can still be Atlantic City’s “gamechanger” but needs less debt and more money to continue operating even over the next few...
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Revel would have closed without emergency money (3/27/2013)
(Atlantic City) -- On its first day in bankruptcy court, Atlantic City's newest casino revealed just how bad things had gotten.
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Revel saw early signs of trouble in construction costs, marketing plan (3/26/2013)
(Atlantic City) -- A series of missteps that helped nudge Revel toward bankruptcy emerged as early as last spring just as executives were raising their flute glasses in...
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Revel must reinvent itself as it faces a prepackaged bankruptcy, public relations experts say (3/25/2013)
(Atlantic City) --
Magazines were filled with glossy ads featuring beautiful people and South Beach-style sophistication at a new, oh-so-hip place in Atlantic City...
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BRENNAN: Revel not out, but still down – to a value of $450 million or so (3/22/2013)
(Atlantic City) -- And they say that CARS have a rapid depreciation rate…. Less than a year after the much-ballyhooed opening of the $2.4 Revel casino in Atlantic...
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Maybe the Fish at Revel Atlantic City is Revel itself (3/22/2013)
(Atlantic City) -- Revel Atlantic City, a $2.4 billion casino that opened on the boardwalk less than a year ago, could file for bankruptcy protection as soon as today,...
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Revel casino worth fraction of $2.4B it cost to build resort (3/22/2013)
(Atlantic City) -- Revel, Atlantic City's newest casino, is worth just a fraction of the $2.4 billion it cost to build the resort and could wait another four years...
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Revel expected to file Chapter 11 bankruptcy Monday (3/21/2013)
(Atlantic City) -- Revel AC Inc., owner of the ailing, barely-a-year-old Revel casino, is expected to file its Chapter 11 petition in U.S. Bankruptcy Court in Camden on...
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Revel filings say $2.4 billion megaresort now worth $450 million (3/21/2013)
(Atlantic City) -- Revel is worth only $450 million and needs four years before it becomes fully profitable, the $2.4 billion megaresort estimates in disclosure forms...
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Settling a Bad Bet on the Boardwalk (3/21/2013)
(Atlantic City) -- Seven years ago, Morgan Stanley executive Michael Garrity took on an unusual job within a securities firm: casino developer in Atlantic City, N.J.
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Revel bankruptcy could jeopardize tax breaks the casino seeks to tap to pay creditors (3/16/2013)
(Atlantic City) -- Revel wants to satisfy some of its debt by earmarking money from future state tax breaks, but by filing for bankruptcy, the megaresort is jeopardizing...
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Revel CEO DeSanctis is stepping down (3/14/2013)
(Philadelphia) -- Kevin DeSanctis, Revel's chief executive since the struggling casino opened in April and the man largely credited with shepherding its five-year...
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Revel replaces casino’s CEO in shakeup (3/14/2013)
(Atlantic City) -- Kevin DeSanctis, who guided Revel's Atlantic City casino-hotel through development only to see it struggle in the East Coast gambling market, is...
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A Struggling Revel Replaces CEO in Shakeup (3/13/2013)
(Atlantic City) -- Revel is replacing its chief executive officer as the struggling casino resort prepares for a Chapter 11 bankruptcy filing.
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Revel can be fixed, casino analysts, executives and officials say (3/13/2013)
(Atlantic City) -- Revel can be fixed. That’s the belief of analysts, casino executives and political leaders. Although they said Revel’s problems are...
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Revel Casino About to Fold Cards, Overhaul Management (3/13/2013)
(Atlantic City) -- Weeks after announcing it would be filing for bankruptcy, Atlantic City’s Revel Casino is now about to overhaul its management and file for...
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Revel Casino Appoints Interim CEO to Handle Bankruptcy (3/13/2013)
(Atlantic City) -- Revel AC Inc., the Atlantic City, New Jersey, casino operator planning to file for bankruptcy this month, appointed Jeffrey Hartmann, a gambling...
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Revel Casino Appoints Interim CEO to Handle Bankruptcy (3/13/2013)
(Atlantic City) -- Revel AC Inc. appointed Jeffrey Hartmann, a gambling consultant who has worked in the industry since 1991, as interim chief executive officer to...
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Revel Casino to Announce Management Overhaul (3/13/2013)
(Atlantic City) -- The owners of the struggling Revel casino in Atlantic City are planning to announce that its longtime top executives who developed and ran the...
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Revel CEO DeSanctis steps down (3/13/2013)
(Atlantic City) -- Kevin DeSanctis, Revel's chief executive officer since the financially troubled casino debuted at the northern end of the Boardwalk in April and...
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Revel CEO steps away from gaming floor, will stay on with holding company (3/13/2013)
(Atlantic City) -- Kevin DeSanctis, who successfully opened the Revel casino in Atlantic City after years of delays, is stepping down amid an awaited bankruptcy filing...
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Revel replaces casino's CEO in shakeup (3/13/2013)
(Atlantic City) -- Kevin DeSanctis, the man who guided Atlantic City's Revel casino-hotel through its tortuous development, only to see it struggle amid the...
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Revel shakes up management team (3/13/2013)
(Atlantic City) -- It took a little longer than most observers expected, but Revel has shaken up its executive suite less than one year after opening its doors.
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Revel casino: half-empty, or half-full? (3/11/2013)
(Atlantic City) -- News that the new Revel Atlantic City casino saw its gambling revenues rise from $7.9 million in January to $9 million in February led Revel CEO Kevin...
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Revel Casino Said to Plan Bankruptcy Filing This Month (3/8/2013)
(Atlantic City) -- Revel AC Inc. will file for bankruptcy sometime in the last two weeks of this month, less than a year after its Atlantic City, New Jersey, casino...
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Revel closer to filing for bankruptcy (3/8/2013)
(Atlantic City) -- Revel casino will file for bankruptcy sometime in the last two weeks of the month, a person familiar with the company’s plans told Bloomberg...
46 Total Articles on this Issue
Grand Canyon Skywalk
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Bankruptcy makes Skywalk case even more twisted (3/13/2013)
(Arizona) -- Who will be responsible for paying the $28.5 million judgment to Grand Canyon Skywalk developer David Jin may depend on another federal court battle.
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Tribal Owner of Grand Canyon Skywalk Files for Bankruptcy (3/6/2013)
(Arizona) -- The Grand Canyon Skywalk, a glass-bottomed walkway that juts out over the canyon’s edge for a view of the Colorado River 4,000 feet below, is built on...
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Hualapai corporation seeks bankruptcy protection (3/5/2013)
(Arizona) -- The Hualapai tribal corporation that managed the Grand Canyon Skywalk has filed for Chapter 11 bankruptcy protection after a federal judge upheld a $28...
3 Total Articles on this Issue
Massachusetts Gaming
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EDITORIAL: Casino bankruptcy is lesson for Mass (2/26/2013)
(Massachusetts) -- Can there be a cautionary tale for Massachusetts in the ongoing saga of Revel, the shimmering resort casino on New Jersey's Atlantic City...
1 Article on this Issue
Other News
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Legal battle over Wayne Newton's estate appears to be over (3/29/2013)
(Las Vegas) -- The nearly year-long legal fight over the failed attempt to convert entertainer Wayne Newton’s estate into a theme park and museum appears to have...
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NJ Revel casino files for bankruptcy (3/25/2013)
(Atlantic City) -- From the day it opened less than a year ago, Revel decided to break the rules. The newest casino in Atlantic City banned smoking, didn't...
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Tribal corporate bankruptcy petition raises issues of first impression for bankruptcy court (3/15/2013)
(Arizona) -- On March 4, 2013, ‘SA’ NYU WA, Inc., a tribally-chartered corporation wholly owned by the Hualapai Indian Tribe, filed a Chapter 11 bankruptcy...
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No lovebirds lost: Newton's menagerie, sloths included, winging way to Oregon (3/12/2013)
(Las Vegas) -- If you think selling a house is tough in this market, try unloading an adult two-toed sloth. The entity that owns former Strip headliner Wayne Newton'...
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Trustee wants to auction off casino and all its contents (3/2/2013)
(Mississippi) -- Creditors in the former Grand Station Casino’s Chapter 7 liquidation case will reappear before a court-appointed trustee April 5, the trustee said...
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Local book publisher files for bankruptcy (11/9/2012)
(New Mexico) -- A Santa Fe book-publishing company known for printing books about the Southwest by local authors has filed for bankruptcy protection in federal court.
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Bankruptcy Court Clears Centaur, Indiana Grand Deal (11/1/2012)
(Indiana) -- Indianapolis-based Centaur Holdings, LLC received approval Wednesday of its agreement to purchase Indiana Grand Casino and Downs in Shelbyville, Ind.
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Indianapolis Downs wins approval for $500M sale (11/1/2012)
(Indiana) -- Centaur Gaming LLC has been cleared to purchase racino rival Indianapolis Downs LLC's assets for $500 million. Judge Brendan Linehan Shannon of the U.S...
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Judge approves Shelbyville racino sale to Centaur (11/1/2012)
(Indiana) -- A bankruptcy court judge has approved Centaur Holdings LLC's purchase of the Indiana Grand racetrack and casino in Shelbyville for $500 million.
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Judge OKs sale of Shelbyville casino (11/1/2012)
(Indiana) -- A Delaware bankruptcy judge has approved Hoosier Park owner Centaur Holdings' purchase of the Indiana Grand Casino and Downs in Shelbyville, allowing...
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NV casino reaches agreement to settle $142.8M debt (10/20/2012)
(Reno) -- Reno's Silver Legacy Resort Casino has reached an agreement to settle its $142.8 million debt with creditors. The Reno Gazette-Journal reports the...
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Silver Legacy Casino in Reno seeks to resolve bankruptcy case (10/20/2012)
(Reno) -- The owner of the Silver Legacy Resort Casino will go before the U.S. Bankruptcy Court in Reno on Monday seeking approval of an agreement to settle its $142.8...
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Miami Jai-Alai and casino in $84M foreclosure (9/14/2012)
(Florida) -- Not even nine months after opening its casino, Miami Jai-Alai has been hit with a foreclosure lawsuit by the lenders that financed its construction.
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Tribal casino bankruptcy? Not yet (9/8/2012)
(California) -- In the case of In re Santa Ysabel Resort and Casino, the Bankruptcy Court for the Southern District of California heard arguments on September 4, 2012,...
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Diamondjacks files for bankruptcy (8/8/2012)
(Louisiana) -- Diamondjacks Casino in Bossier City has filed for chapter 11 bankruptcy protection and intend to sell their significant assets. Global Gaming Solutions,...
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DiamondJacks Casino up for sale (8/4/2012)
(Mississippi) -- Bankruptcy has led to the sale of a casino in Vicksburg. Legends gaming has filed for Chapter 11 bankruptcy reorganization. The company says it will...
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IRS files lien against closed tribe-owned staffing company (7/30/2012)
(California) -- A temporary-staffing company that once had a large local presence has been shuttered for a year, but its drama continues, Kelly Johnson writes in this...
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Black Files Personal Bankruptcy Action (7/9/2012)
(Nevada) -- Just shy of the first anniversary of Mesquite Gaming, Inc. emerging from corporate bankruptcy, Randy Black, Sr., minority owner of the company, filed for...
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