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Revel Doesn't Make Big Dent in Gaming Revenues
Revel's revenue remained stuck in the bottom of the pack of Atlantic City's 12 casinos in its second month of operation, with the $13.9 million it won from gamblers ranking it eighth once again.  Revel Casino5/22/2013
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Gambling Business: Revel Casino Exits Bankruptcy
(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.
5/21/2013
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Atlantic City's Revel exits bankruptcy court, shedding debt, giving lenders big stake
(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.
5/19/2013
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New leadership hopes to revitalize Revel in Atlantic City
(Atlantic City) -- The opening of the $2.4 billion Revel on the northern end of the Boardwalk in April 2012 was one of the most anticipated events in the market since...
5/15/2013
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Casino Control Commission approves Revel restructuring plan
(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
(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
(Atlantic City) -- Revel was given a second chance Wednesday from New Jersey casino regulators, and now it’s seeking the same thing from customers.
5/14/2013
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Gambling Business: Revel Casino Bankruptcy Approved
(Atlantic City) -- Revel casino, arguably Atlantic City’s most disappointing gambling joint ever, will soon emerge from bankruptcy with hopes of turning things...
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Revel exits bankruptcy, hopes for a strong summer
(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...
5/13/2013
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Court OKs casino's Chapter 11 reorganization plan
(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
(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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Gaming firm Betfair calls off CVC talks at the eleventh hour
(UK) -- BETFAIR called off talks last night over a sale of the online gaming company, after rejecting a second takeover bid from private equity firm CVC Capital
5/12/2013
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New Casino Bankruptcy Draws Eyes To Atlantic City’s Record-Setting Collapse
(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%
(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
(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...
5/10/2013
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Revel debuts new slots lounge and VIP club
(Atlantic City) -- Revel’s interim CEO Jeffrey Hartmann regards the newest attractions at the struggling $2.4 billion megaresort as a way of “reconnecting...
5/9/2013
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Atlantic City's Incredibly Bad Gamble on the Revel Casino
(Atlantic City) -- More than a year ago, Revel, the last casino to be built in Atlantic City in nine years, opened its doors to the public. At the time, Revel’s...
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Revel opening VIP slot lounge & players' club
(Atlantic City) -- Revel may have 99 problems, but the lack of a high-rollers' lounge is no longer one of them. Atlantic City's newest casino is trying to...
5/8/2013
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Revel hires outside consulting firm in marketing shake-up
(Atlantic City) -- Revel overhauled its marketing department Wednesday in the latest management shake-up at Atlantic City's troubled $2.4 billion megaresort.
5/7/2013
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Revel takes steps to restructure finances, ownership
(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...
5/5/2013
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At Revel, a chance to perform - and possibly win
(Atlantic City) -- Nicole Curtis, of Barnegat, recently did one of the most anxiety-producing things a person can do to help ease her anxiety. As part of the "Revel...
4/18/2013
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Atlantic City agrees to set Revel's assessment at half of $2.4 billion building cost, lawyers say
(Atlantic City) -- Revel has reached a deal with Atlantic City officials to lower its tax assessment to about half of the $2.4 billion that it took to build the...
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N.J. judge OKs Revel's bankruptcy financial plan
(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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Revel lays off 83 casino workers
(Atlantic City) -- Atlantic City's newest casino is turning to layoffs to help it deal with financial problems as it works its way through bankruptcy court.
4/17/2013
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Restructuring Pros Revel in Conference Site
(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
(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...
4/14/2013
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Revel considers adding smoking section to casino floor
(Atlantic City) -- Revel bankruptcy documents say the Atlantic City megaresort intends to add a smoking section as part of its restructuring changes, but there are...
4/7/2013
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Letter: Smoking will not be key to success at Revel Casino
(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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Bodies found in Revel Casino hotel room in Atlantic City
(Atlantic City) -- Investigators are looking for answers after a pair of bodies were found in a hotel room in Atlantic City. The bodies were found in a room on the 7th...
4/3/2013
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Revel Restructured
(Atlantic City) -- Almost one year after opening its doors, Revel casino in Atlantic City has officially filed for bankruptcy.
4/2/2013
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More snake eyes for Revel casino?
(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...
3/31/2013
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Revel Restructured
(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.
3/29/2013
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Revel helping make Atlantic City 'mecca of mixed martial arts in the Northeast'
(Atlantic City) -- Hours before the World Series of Fighting staged its card at Revel's Ovation Hall last Saturday, the resort was already enjoying the benefits of...
3/28/2013
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Lawsuit says Englishman snagged by Revel escalator dangled in air 40 feet above ground
(Atlantic City) -- An Englishman who was dragged and hung upside down 40 feet in the air after his clothing got snagged on an escalator at Revel is suing for more than $...
3/27/2013
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NJ Revel Bankruptcy Plan Includes Allowing Smoking
(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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Lawsuit: Revel Escalator Grabbed Englishman, Held Him Upside Down 40 Feet In The Air
(Atlantic City) -- More trouble for the Atlantic City’s Revel casino, which declared bankruptcy this week: A new lawsuit says one of the casino escalators grabbed...
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Revel tells bankruptcy court immediate help needed to continue operating
(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
(Atlantic City) -- On its first day in bankruptcy court, Atlantic City's newest casino revealed just how bad things had gotten.
3/26/2013
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Revel saw early signs of trouble in construction costs, marketing plan
(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...
3/25/2013
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Revel must reinvent itself as it faces a prepackaged bankruptcy, public relations experts say
(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...
3/22/2013
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BRENNAN: Revel not out, but still down – to a value of $450 million or so
(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
(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
(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...
3/21/2013
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Revel expected to file Chapter 11 bankruptcy Monday
(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
(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
(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.
3/19/2013
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Hartmann gets approval to lead Revel
(Atlantic City) -- Revel's interim chief executive officer Jeffrey E. Hartmann was approved by the Casino Control Commission for a temporary key employee license...
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Hartmann gets approval to lead Revel, says casino must be put back together after Sandy
(Atlantic City) -- Revel is like a great puzzle whose pieces were knocked apart by Hurricane Sandy, the casino’s newly approved interim chief executive officer...
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New Jersey casino regulators approve Jeffrey Hartmann as new Revel CEO
(Atlantic City) -- The former president of the Mohegan Sun casino resort was approved Tuesday to serve as the new interim CEO of Atlantic City's Revel casino.
3/18/2013
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New Jersey lawyers move conference from Revel to Borgata
(New Jersey) -- A conference expected to draw more than 2,000 people from the state legal industry in May will move from Revel to the Borgata.
3/17/2013
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New Revel CEO returns to Atlantic City with a strong financial background and a tough task ahead
(Las Vegas) -- Revel’s newly named interim CEO is returning to the city where he got his start, but at a time sure to test his ability.
3/16/2013
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Revel bankruptcy could jeopardize tax breaks the casino seeks to tap to pay creditors
(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...
3/14/2013
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Revel CEO DeSanctis is stepping down
(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
(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...
3/13/2013
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A Struggling Revel Replaces CEO in Shakeup
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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.
3/11/2013
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Revel casino: half-empty, or half-full?
(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...
3/8/2013
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Revel Casino Said to Plan Bankruptcy Filing This Month
(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
(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...
2/26/2013
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Revel Casino's Big Bet Leads to Bankruptcy
(Atlantic City) -- Operators of the $2.4 billion Revel casino, which opened last April in Atlantic City, announced plans last week to file Chapter 11 bankruptcy in late...
2/25/2013
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Grapevine: Reveling in their anonymity
(Wall Street) -- It's not an easy one to answer, even after a majority of the lenders agreed to a bankruptcy restructuring last week in an effort to convert more...
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Revel's time in Chapter 11 bankruptcy should be quick and clean, analysts say
(Atlantic City) -- Revel will follow a route that should allow the casino to avoid an expensive, drawn-out “bloodbath” with creditors as it seeks to...
2/24/2013
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BLOG: The Revel going belly-up is no shock; the whole plan for A.C. was bankrupt from the beginning
(Atlantic City) -- The news that the Revel Casino is going bankrupt is not exactly a shocker. It was obvious even three years ago when I wrote this column, that the...
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Revel Without a Cause: Atlantic City Casino Files Chapter 11
(Atlantic City) -- Revel, the casino many people had hoped would turn around Atlantic City’s sagging fortunes, said last week that it will file for Chapter 11...
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STUTZ: Streak of bad news persists on Boardwalk
(Las Vegas) -- Atlantic City can't catch a break. The gaming market has seemingly been covered by dark clouds for much of the past six years.
2/23/2013
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$2.5b crap out / How Wall St. got suckered in Atlantic City
(Atlantic City) -- Last May, when the Revel casino opened in Atlantic City, the traffic light out front was reset on a four-minute cycle — in anticipation of epic...
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The Record: Snake eyes
(Atlantic City) -- THE HOUSE always wins when it comes to gambling — unless the gambling is in Atlantic City. The city's newest casino, the Revel, will file...
2/21/2013
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Poll: Have you visited Revel in Atlantic City?
(Atlantic City) -- Revel, the casino many people had hoped would turn around Atlantic City's sagging fortunes, said Wednesday that it will file for Chapter 11...
2/20/2013
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Atlantic City's Revel Big Gamble Fails as Casino Announces Bankruptcy Plans
(Atlantic City) -- Well, that was fast. Less than a year after making a huge splash with a Beyonce-attended debut, Atlantic City's newest mega-casino Revel will file...
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BRENNAN: Governor Christie: still bullish on Atlantic City in spite of Revel’s woes
(Atlantic City) -- I was in Little Ferry this morning for an event highlighting the Governor Christie administration’s Firefighter-to-Firefighter Peer Assistance...
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Christie Lets Atlantic City Bet Ride as Revel Reorganizes
(Atlantic City) -- Governor Chris Christie isn’t giving up on reviving New Jersey’s Atlantic City even though its newest casino plans to seek bankruptcy...
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Christie Still Backs Revel, Despite Bankruptcy [sub req'd]
(Atlantic City) -- New Jersey Governor Chris Christie on Wednesday said he still supports Revel and Atlantic City’s recovery even after the $2.4bn casino-resort...
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New casino bankrupt: There goes Atlantic City? (+video)
(Atlantic City) -- Revel, the new casino many people had hoped would turn around Atlantic City's sagging fortunes, said Tuesday that it will file for Chapter 11...
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New Casino Bankruptcy In Atlantic City, Revel Files After April Opening
(Atlantic City) -- A new casino bankruptcy hit the Atlantic City scene, and despite “fanfare” and a well-regarded presence, Revel is already heading for...
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Poll: Why aren't more people visiting Revel in Atlantic City?
(Atlantic City) -- Atlantic City's ultra-posh Revel hotel & casino is headed for bankruptcy. Less than a year after it opened, Revel is near the bottom of casino...
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Revel casino's bankruptcy threatens plans to make Atlantic City a gambling-plus destination
(Atlantic City) -- The plight of the lavishly expensive but bankruptcy-bound Revel means more than just the future of one casino. It also means the potential loss of a...
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Revel Hopes Bankruptcy Reverses Fortunes of Casino in Atlantic City
(Atlantic City) -- Open less than a year, Revel Entertainment Group LLC plans to restructure under Chapter 11 bankruptcy protection, hoping that its $2.4 billion casino...
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Revel still will save Atlantic City, Christie says
(Atlantic City) -- Gov. Chris Christie affirmed his belief Wednesday that Revel Casino will save Atlantic City despite the casino’s investors announcing they plan...
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Revel's bankrupt, and why it never really had a chance
(Atlantic City) -- Last night, Revel filed for chapter 11 bankruptcy, 10 months after the $2.4 billion casino opened in Atlantic City. Revel never really had a shot...
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The Epic Downfall Of The Casino That Was Supposed To Save Atlantic City
(Atlantic City) -- The $2.2 billion dollar Revel Casino was the most ambitious project in the history of Atlantic City. After a nearly 6 year saga of construction halts...
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Tourism expert: To succeed, Revel must think like a casino, not a resort
(Atlantic City) -- Revel Entertainment announced late Tuesday it will file for bankruptcy in an effort to wipe out roughly two-thirds of the $1.5 billion debt load...
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What Does Bankruptcy Mean for Revel?
(Atlantic City) -- Less than a year since opening to the public, Atlantic City’s newest casino has announced it will file for Chapter 11 bankruptcy protection next...
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Standard & Poor's downgrades Revel's rating to 'D'
(Wall Street) -- Revel has told creditors it doesn’t intend to make a scheduled interest payment due Tuesday, prompting the Standard & Poor’s Ratings...
2/19/2013
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N.J.'s newest casino, Revel, to file for bankruptcy
(Atlantic City) -- Revel, the casino many people had hoped would turn around Atlantic City's sagging fortunes, said Tuesday that it will file for Chapter 11...
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New casino bankruptcy: New Jersey casino goes bankrupt
(Atlantic City) -- It's not very often that you hear of a casino going bankrupt. On Feb. 19, ABC reported that the Revel casino in New Jersey may have to do just...
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New casino bankruptcy: Revel Casino to file for bankruptcy, 'a positive step'
(Atlantic City) -- A new casino bankruptcy dashed the hopes of some N.J. residents this week, who thought the casino Revel may bring some extra money back to Atlantic...
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NJ - Stop playing a bad hand in Atlantic City
(Atlantic City) -- It didn't take a crystal ball to see this coming. The Wall Street Journal reported this week that Revel, the struggling $2.4 billion casino hotel...
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NJ's bankrupt Revel suffers fate of other casinos
(Atlantic City) -- From the day it opened last April, Revel insisted it was a different kind of casino. It shunned bus-riding day-trippers, banned smoking, hired a...
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Revel casino in Atlantic City will file for Chapter 11 bankruptcy
(Atlantic City) -- The $2.4 billion Revel casino announced tonight that it will file for Chapter 11 bankruptcy protection. These filings can be confusing, since it often...
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Revel Casino prepares for bankruptcy by mid-March
(Atlantic City) -- The owner of the struggling Revel casino in Atlantic City, N.J., is preparing to file for bankruptcy protection in the coming weeks, less than a year...
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Revel gambles on bankruptcy, says it won’t affect operations
(Atlantic City) -- The company that owns Revel, the lavish yet financially troubled Atlantic City casino that opened just 10 months ago, announced Tuesday night that it...
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Revel Reaches Agreement With Lenders for Prepackaged Bankruptcy
(Atlantic City) -- Revel Entertainment Group LLC, the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, plans to file for a...
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Revel, Atlantic City's newest casino, to file for Chapter 11 bankruptcy in March
(Atlantic City) -- Revel will file for bankruptcy and give creditors a greater equity stake in the casino, which will reduce its debt by more than $1 billion and allow...
2/15/2013
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Atlantic City Casino Looking To Restructure Debt
(Atlantic City) -- One of the latest moves out of Atlantic City, which will soon have legal online gaming, is a plan to restructure debt by Revel Casino, The Wall Street...
2/14/2013
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Casino regulator: Revel seeks help with finances
(Atlantic City) -- New Jersey's top casino regulator said Wednesday that Revel Entertainment is seeking outside help with its finances as it struggles with over $1...
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OP/ED: Stop playingbad hand in A.C.
(Atlantic City) -- It didn’t take a crystal ball to see this coming. The Wall Street Journal reported this week that Revel, the struggling $2.4 billion casino...
2/13/2013
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Casino regulator: Revel seeks help with finances
(Atlantic City) -- New Jersey’s top casino regulator says Revel Entertainment is seeking outside help with its finances as it struggles with over $1 billion worth...
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New Jersey's top casino regulator says Atlantic City's Revel may be looking to restructure its massive debt
(Atlantic City) -- Revel, the troubled $2.4 billion dollar megaresort, has hired outside advisors to possibly help it restructure its enormous debt and its operations,...
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Revel laying foundation for bankruptcy?
(Atlantic City) -- It now appears that bankruptcy could soon be a reality for Revel casino, which has seemed to be in trouble almost since its start.
2/12/2013
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Revel Casino Hires Restructuring Lawyers and Bankers
(Atlantic City) -- Revel, the struggling Atlantic City casino, has hired restructuring lawyers and bankers to mull options for reworking a heavy debt load, said people...
1/29/2013
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Assembly passes bill letting Revel, future casinos open beach bars
(New Jersey) -- New Jersey’s Assembly passed a bill Monday that would allow Revel and future casinos to open beach bars in the Atlantic City Tourism District.
1/25/2013
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BLOG: The Economist Has Brilliant Fix for Atlantic City: Revel!
(Atlantic City) -- This week, The Economist has decided to profile the sorry state of Atlantic City’s gaming scene, using the subheadline “Innovative...
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Sweeney says Revel, troubled Atlantic City casino, needs new owners
(Atlantic City) -- Revel, the multibillion-dollar Atlantic City casino that has struggled financially in its first year, likely needs new owners in order to rebound,...
1/23/2013
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New Jersey Senate president says Revel needs new management to rebound
(Atlantic City) -- Revel is a beautiful property that could rival some of Atlantic City’s most successful casino resorts — if only it was under new...
1/15/2013
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BRENNAN: Sweeney speaks out on Revel, American Dream
(New Jersey) -- New Jersey State Senate President Stephen Sweeney addressed a variety of issues during his visit to The Record’s Editorial Board last week –...
1/13/2013
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Local Expert Weighs In On Revel Casino Financial Problems
(Atlantic City) -- Atlantic City’s 12th casino still has that fresh, new building smell to it, but Revel has had a hard time meeting even early financial...
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LETTER: Tell Revel Casino to stay smoke-free
(Atlantic City) -- I was distressed to read that the management of Atlantic City’s Revel casino is reconsidering its no-smoking policy and thinking about allowing...
1/11/2013
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Revel Debt Falls to Record Low as Atlantic City Revenue Declines
(Atlantic City) -- Revel Entertainment Group LLC’s $850 million term loan fell to a record low as Atlantic City gambling revenue declined 8.9 percent in December.
1/9/2013
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Will Revel Rally or Unravel in 2013?
(Atlantic City) -- Revel casino in Atlantic City has secured $150 million in additional financing while coming under fire by the Local 54 of Unite-HERE union. As the...
1/7/2013
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Revel may be rethinking no-smoking policy as Atlantic City's only smoke-free casino struggles financially
(Atlantic City) -- Customers entering Atlantic City’s newest casino are greeted by small signs taped to the doors: “This is a smoke-free property. Thank you...
12/31/2012
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Atlantic City’s Revel casino hoping for new start in the new year
(Atlantic City) -- Amid aerialists serving wine and models in chocolate-covered evening gowns, Revel executives were viewing the New Year’s Eve celebration as a...
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BRENNAN: Atlantic City’s newest casino Revel-ing in new dollars as New Year looms
(Atlantic City) -- The troubled Revel Atlantic City casino got another $150 million in loans this week to keep afloat through the winter – probably.
12/30/2012
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Revel gets $150 million to keep doors open
(Atlantic City) -- Cash-strapped Revel, Atlantic City’s newest casino, is receiving a financial injection of $150 million, the company announced last week.
12/29/2012
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LETTER: Make Revel over into convention center
(New Jersey) -- To the editor: As if the past year wasn't bad enough, with hurricanes, gun rampages and the fiscal cliff; 2012 ends on a downer locally.
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Revel Casino Borrowing $150m “An Act Of Desperation”
(Atlantic City) -- According to a source for the New York Post, investors in Atlantic City’s Revel casino have loaned the business a further $150 million in...
12/28/2012
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Hedge funds throw Revel casino a lifeline
(Atlantic City) -- The backers of Atlantic City’s nearly-broke Revel casino are making another risky bet. The same group of investors that put roughly $1 billion...
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Revel Casino Gets New Infusion
(Atlantic City) -- Investors are doubling down on Atlantic City's Revel casino, which when it opened last April was envisioned as boosting the city as an...
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Revel Obtains $150 Million in Financing for Atlantic City Resort
(Atlantic City) -- Revel Entertainment Group LLC, the casino owner struggling to avoid default after Hurricane Sandy’s effects depressed already insufficient...
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Revel's NJ casino gets $150M more in financing
(Atlantic City) -- While some questioned the wisdom of opening a $2.4 billion casino resort in a cutthroat market at the end of a nationwide financial meltdown, some...
12/27/2012
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Atlantic City's Revel announces $150 million in additional financing
(Atlantic City) -- Revel’s investors will provide $150 million in additional financing to help the resort manage its debt and add amenities it believes will...
12/26/2012
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As Revel debt grows, so do worries about a default
(Atlantic City) -- Revel, Atlantic City’s glitzy $2.4 billion megaresort, is seeking more financing to help keep it afloat at the same time analysts are warning...
12/17/2012
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Revel Casino’s Debts Could Soon Reach $1.6bn
(Atlantic City) -- Revel Casino's Debts Could Soon Reach $1.6bnIn April this year, the $2.4 billion Revel Casino opened in Atlantic City and was being touted as the...
12/16/2012
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Revel Casino in Atlantic City is a losing gamble, says union
(Atlantic City) -- A casino workers union that has been locked in a bitter struggle with Revel, Atlantic City’s newest casino, is warning investors against pumping...
12/14/2012
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Union warns investors against more Revel funding
(Atlantic City) -- A casino workers union that has been locked in a bitter struggle with Revel, Atlantic City's newest casino, is warning investors against pumping...
12/13/2012
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Atlantic City's Revel Casino Eyes New Loans
(Atlantic City) -- Revel, a struggling Atlantic City casino that has been bailed out by investors several times since opening in April, is nearing yet another reprieve.
12/11/2012
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Revel's growing peril / Even on a Friday night, bettors are few.
(Atlantic City) -- Two lines of twentysomethings formed outside the HQ Nightclub at the impressive Revel casino just before midnight on a recent Friday.
12/10/2012
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Sandy leaves Revel casino reeling
(Atlantic City) -- Hurricane Sandy left its mark on November gaming revenue at all 12 Atlantic City casinos. But none took a more debilitating hit than Revel, which has...
12/8/2012
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Revel's growing peril
(Atlantic City) -- Two lines of twentysomethings formed outside the HQ Nightclub at the impressive Revel casino just before midnight on a recent Friday.
12/4/2012
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Revel casino: in dire straits, or “extraordinarily busy”? depends whom you ask
(New Jersey) -- New Jersey Governor Christie, a Republican, and state Senate President Stephen Sweeney, a Democrat, are in sync on their support for revival attempts for...
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Revel’s Situation Has Now Become Dire
(Atlantic City) -- The Revel resort opened in Atlantic City on April 2, 2012 at a cost of $2.4 billion. At the time, there were high hopes that the 20 acres casino and...
12/1/2012
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BRENNAN: Revel casino: in dire straits, or “extraordinarily busy”? depends whom you ask
(Atlantic City) -- New Jersey Governor Christie, a Republican, and state Senate President Stephen Sweeney, a Democrat, are in sync on their support for revival attempts...
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More than 40 construction companies file liens against Revel, claiming nonpayment of $37.8 million
(Atlantic City) -- More than 40 construction companies involved in the building of Revel, the $2.4 billion luxury megaresort, have filed liens seeking payment of about $...
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Post-Sandy, Revel Casino In Trouble
(Atlantic City) -- Atlantic City’s newest hotel casino has gone to the banks, again, seeking additional funding to keep the operation going just 8 months after it...
11/30/2012
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Atlantic City's Revel resort, $1.3B in debt, faces potential bankruptcy or foreclosure
(Atlantic City) -- Revel, Atlantic City’s newest oceanfront resort, has warned federal regulators about a potential bankruptcy or foreclosure, citing its growing...
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New Jersey Lawmaker Seeks Report on Revel Casino’s Cash
(New Jersey) -- New Jersey Senate President Stephen Sweeney is seeking a detailed financial report on Atlantic City’s Revel casino, saying the state-supported...
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Sweeney: Revel casino's finances 'dire'
(Atlantic City) -- New Jersey's state senate president says the new Revel casino's finances are "dire," and that he fears Atlantic City's newest...
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Revel and City of Atlantic City Working Together to Resolve Tax Appeals
(Atlantic City) -- Atlantic City and Revel are pleased to announce that they are amicably and expeditiously negotiating to resolve three outstanding lawsuits pending in...
11/23/2012
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Financing issues slow plans to redevelop Atlantic City neighborhood around Revel casino
(Atlantic City) -- A state authority's plans to demolish several blocks of property near Revel casino in order to build chic boutiques, restaurants and housing is...
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Revel: From Bad to Abysmal
(Atlantic City) -- I wanted Revel to succeed. I really did. Oh, I realize that I wrote a rather scathing Revel review in May, one month after the mammoth project debuted...
11/15/2012
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Analysts: Ailing Revel casino will find it hard to recover from Sandy
(Atlantic City) -- Sandy delivered a gut punch that Revel, teetering toward insolvency even before the hurricane, will be hard-pressed to recover from, gaming-industry...
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Revel drowning in debt as Sandy crimps sales
(Atlantic City) -- Revel Entertainment Group LLC, the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, is struggling to avoid default...
10/11/2012
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Revel Casino Continues To Disappoint In Atlantic City
(Atlantic City) -- Revel Casino, just one month removed from posting its first $20 million numbers, took a major step backward in September, bringing in just $16.9...
10/10/2012
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Revel reveals revenue reversal in September
(Atlantic City) -- Revel is going in reverse. Atlantic City's newest casino took less money from gamblers in September than it did in August. The 6-month-old casino...
9/11/2012
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Revel Has Best Casino Revenue Month Since Opening [AUDIO]
(Atlantic City) -- It was the best month for Atlantic City’s newest casino. Revel broke the $20 million mark in casino revenues in August.
9/10/2012
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Cashing in: Revel casino breaks $20M mark in August, up 14 percent from July
(Atlantic City) -- Revel broke the $20 million mark in casino revenues in August, and Atlantic City's 12 casinos collectively saw their monthly revenue increase by...
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Revel brings in $20 million in August, for its best month
(Atlantic City) -- Revel, built with more than $300 million in aid from the State of New Jersey, brought in $20 million in total casino revenue in August, its best month...
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Revel’s Casino Revenue Up In August
(Atlantic City) -- Finally some good news for Atlantic City’s newest casino. Revel broke the $20 million mark in casino revenues in August, and Atlantic City...
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Man falls from escalator at Revel Casino in A.C.
(Atlantic City) -- Police say a man plummeted forty feet from an escalator at the Revel Casino in Atlantic City early Monday morning.
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Man injured after falling from escalator at Revel early Monday
(Atlantic City) -- A man was hospitalized after falling 40 feet from an escalator at the Revel Casino about 1:30 a.m. Police said the man was coming down the escalator...
9/9/2012
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Hedge fund's risky ties to Revel casino shine light on N.J.'s investing habits
(New Jersey) -- Gov. Chris Christie isn’t the only one betting on Revel. A hedge fund that manages $200 million in New Jersey public pension money also has a...
9/6/2012
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Revel casino allegedly owes cleaning company $545K for unpaid work
(Atlantic City) -- Revel, the $2.4 billion resort hoping to touch off an economic rebirth in Atlantic City, allegedly owes half a million dollars to a cleaning company...
8/30/2012
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Revel's Financial Woes
(Atlantic City) -- Plagued by underperforming casino revenue, Atlantic City's Revel casino got a new $100 million credit line to carry it into 2013. Several Wall...
8/28/2012
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Financial distress in a full house: Revel, three months later
(Atlantic City) -- Six p.m. is a transition time at Revel in Atlantic Citu. Outside its glass doors on Saturday night, a pack of bros in pale plaid bathing suits, straw...
8/27/2012
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Division of Gaming Enforcement says Revel is more financially stable than before
(Atlantic City) -- New Jersey’s chief casino regulator says Revel has more than enough money to meet its financial obligations and is also taking steps to pay its...
8/26/2012
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Job lag and customer service add to Revel woes
(Atlantic City) -- Revel was supposed to be a job-generating machine - creating 5,500 full-time jobs with benefits as the biggest, most expensive casino ever built in...
8/24/2012
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A.C.'s Revel secures new credit; total now $100M
(Atlantic City) -- Atlantic City’s newest casino has locked down additional credit that gives it much-needed breathing room after a slow start.
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Revel Eases Pressure With $100 Million Loan
(Atlantic City) -- Over the past five years, Atlantic City’s casino industry has been in steady decline and its annual gaming revenue is currently down by more...
8/23/2012
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Inside The Revel Resort in Atlantic City
(Atlantic City) -- We've been chatting about Revel, Atlantic City's newest hotel/casino for a while. The project has been an exercise in patience that culminated...
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Union wants NJ to probe struggling Revel finances
(Atlantic City) -- Atlantic City's main casino union wants state gambling regulators to determine whether the city's newest casino is financially stable.
8/22/2012
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Moody's lowers Revel casino's credit ratings
(Atlantic City) -- Two days after the operator of Revel in Atlantic City announced it was seeking up to $100 million in additional financing to stay afloat, a second...
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Ratings agencies downgrade Revel after slow start
(Atlantic City) -- Wall Street ratings agencies are downgrading their ratings for Revel, saying Atlantic City's newest casino resort hasn't lived up to...
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Ratings Slashed As Atlantic City’s Newest Casino Threatens To Flop [sub req'd]
(Atlantic City) -- Moody’s has cut ratings for the struggling $2.4bn Revel resort, adding to the growing view that the newest casino on Atlantic City’s...
8/21/2012
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Analyst expects Revel to get credit capacity increased to $100M
(Atlantic City) -- Though Revel Entertainment faced a $35 million net operating revenue loss and disappointing gaming revenue throughout less than five months of...
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Editorial: Can't Revel Casino kick it down a notch?
(Atlantic City) -- The famous words “too big to fail” come to mind about the Revel Casino that’s said to be teetering close to the financial edge after...
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Smoke-free casinos like Revel in Atlantic City a growing trend across the country
(Atlantic City) -- No clouds of cigarette or cigar smoke hover over the slot machines or table games at Revel. In fact, customers are not lighting up anywhere inside the...
8/20/2012
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Atlantic City's Newest and Biggest Casino Seeks Credit Aid
(Atlantic City) -- Less than five months after opening with distressingly low revenues, Atlantic City's newest casino is seeking some breathing room from its lenders.
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Revel asks to borrow another $100 million to stay afloat
(Atlantic City) -- Revel casino, badly in the red just 4 1/2 months after opening, is asking its lenders for another $100 million to make it through this year and 2013.
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Revel seeks $70 million additional financing to get through 2013
(Atlantic City) -- Revel is seeking an extra $70 million in financing to give it a cushion through 2013 following some disappointing results in its few months of...
8/19/2012
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Revel's rocky launch
(Atlantic City) -- Revel has failed thus far to grow the gambling market here, and despite massive state subsidies it is teetering on the brink of bankruptcy.
8/17/2012
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Revel shows loss in first 3 months in AC
(Atlantic City) -- Atlantic City's newest casino lost $35 million in its first three months of operation, while the gambling resort's other 11 casinos posted an...
8/16/2012
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Down on its luck: Revel jobs, revenue falling below projections
(Atlantic City) -- The fledgling Revel casino and resort hotel is generating much less gaming revenue and fewer full-time jobs than the Christie administration expected...
8/14/2012
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Monica Yant Kinney: At Atlantic City's Revel, high prices are a safe bet
(Atlantic City) -- It was lunchtime when I bumped into Dena and Jim Lyons at Revel Casino. They were hungry and humbled. Jim craved a BLT, but good luck finding a simple...
8/13/2012
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BRENNNAN: No joy in Revel-ville
(Atlantic City) -- It was just a couple of weeks ago that a Trenton insider tossed me a rumor with “Revel” and “bankruptcy” in the same sentence.
8/11/2012
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Time 'running out' for Atlantic City's Revel casino
(Atlantic City) -- For a luxurious $2.4 billion casino that was supposed to grow the market and bring in scores of new tourists, Revel has fallen way short.
8/10/2012
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'Time is running out' for Atlantic City's Revel
(Atlantic City) -- Hopes of Revel turning things around for this struggling resort are fading with each passing month. And Revel's disappointing casino revenue...
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The Most Ambitious Casino In Atlantic City Could Be In Trouble
(Atlantic City) -- The Revel Casino opened in early April to great fanfare. The $2.6 billion dollar resort, backed with a $261 million tax credit by Governor Chris...
8/8/2012
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Atlantic City refuses to reimburse Revel beach lease fee
(Atlantic City) -- Atlantic City officials are refusing to give back $7,500 of an $11,000 beach lease to Revel. The new $2.4 billion casino wanted its money back because...
8/2/2012
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Back To The Beach In Front Of Revel Casino In Atlantic City
(Atlantic City) -- Guests at Atlantic City’s newest casino were getting ready to venture onto the beach in front of their hotel on Wednesday, a little more than...
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Is Atlantic City cool again?
(Atlantic City) -- It's a summer Sunday afternoon, and Adam, a preppy blond finance guy, is still wearing his loafers, jeans and untucked button-down shirt from the...
8/1/2012
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Revel Beach is Officially Open
(Atlantic City) -- The long-awaited time has come when tourists can finally enjoy all that Revel has to offer. The Revel in Atlantic City opened most of its beachfront...
7/30/2012
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Revel to reclaim its beachfront two weeks early; most of the strand will be open Wednesday
(Atlantic City) -- Two tourists from Massachusetts found it hard to believe that on a gorgeous summer day, there were no sunbathers frolicking in the surf at Revel...
7/25/2012
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Contractors say Revel owes them money; spokeswoman says all will be paid
(Atlantic City) -- New Jersey’s Division of Gaming Enforcement is investigating claims that Revel has not fully paid some of its construction contractors months...
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N.J. agency investigates whether Revel in Atlantic City has paid its bills, report says
(Atlantic City) -- The Revel, Atlantic City's new $2.4 billion resort, may not have fully paid some of its construction contractors months after work was completed,...
7/17/2012
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Revel beach is set to debut in August in front of Atlantic City's newest casino
(Atlantic City) -- Gigantic cranes and earthmovers scoop up piles of sand in a choreographed convoy of heavy-construction equipment.
7/16/2012
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3 months after opening, Atlantic City's Revel casino still has some kinks - like an unfinished beach
(Atlantic City) -- When the phone rings these days, Kevin DeSanctis feels a mix of dread and anxiety. As the CEO of Revel, Atlantic City’s newest resort, he’...
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Revel revealed? Gambling numbers not good, but that’s not the whole story
(Atlantic City) -- Revel Atlantic City casino operator Kevin DeSanctis has said that his casino needs until mid-August before proper judgment can be rendered about the...
7/11/2012
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Revel Casino's gambling revenues up last month
(Atlantic City) -- New Jersey’s newest casino took in $14.9 million in June, up $1 million since May, but the Revel continues to rank 8th out of Atlantic City...
7/10/2012
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Revel casino revenue disappoints
(Atlantic City) -- If June revenue numbers released Tuesday by the New Jersey Division of Gaming Enforcement are a barometer of how well a casino will perform in the...
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Revel ranks 8th of 12 AC casinos 3rd month in row
(Atlantic City) -- Three 8s is a lousy poker hand, and it's an equally inauspicious way to launch a casino. Yet that's exactly what Revel has to show for itself...
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Revel revenues lag again
(Atlantic City) -- Gaming revenue in Atlantic City is down again, and the newest casino is not doing much to change that, The total casino take in June was down 0.6...
7/7/2012
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Atlantic City’s new Revel is all substance, no style
(Atlantic City) -- Is it finished yet? Will it ever be? Revel Atlantic City, the $2.4 billion mammoth, is open for business, and that may be the worst thing its...
7/6/2012
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Revel disco sneak peak begins Friday
(Atlantic City) -- Disco dandies from South Beach to Staten Island are expected to converge on Revel this weekend as HQ, Revel’s multi-million-dollar nightclub,...
7/5/2012
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Tribe to appeal casino ballot ruling
(Rhode Island) -- The Narragansett Indian Tribe announced Thursday it will appeal a Superior Court ruling on a casino ballot question.
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