
A struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes. Revel’s pre-planned Chapter 11 filing wiped out $ 1.2 billion of the casino's $ 1.5 billion in debt, by giving lenders an 82 percent ownership stake. Interim CEO Jeffrey Hartmann, says Revel is now free to concentrate on growing the business in the … [Read more...]
















