The Wall Street Journal reported a bankruptcy judge on Tuesday approved a $26 million tax settlement between Atlantic City, N.J., and the boardwalk’s shuttered Revel Casino Hotel. The settlement, which includes more than $7 million in savings on...
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December 31, 2014, 08:00 AM
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According to a news item from Bloomberg, the back-up bidder for Revel AC Inc., now having the right to buy the shuttered Atlantic City, New Jersey casino, wants the bankruptcy judge to cut the $95.4 million purchase price by $8.4 million in view of...
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December 29, 2014, 08:04 AM
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Bloomberg reports Brookfield Property Partners LP, the winning bidder for the shuttered Revel casino and hotel in Atlantic City, said it plans to reopen the property as it expands its investments in gambling venues.The Bloomberg article notes...
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October 02, 2014, 07:41 AM
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Bloomberg reports Revel, the bankrupt Atlantic City casino, will close its doors next month after failing to find a qualified buyer, dealing the latest blow to the struggling New Jersey resort town. The two-year-old facility, built for $2.6 billion...
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August 13, 2014, 07:03 AM
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Reuters reports that Atlantic City's troubled Revel Casino Hotel on Jun. 19 filed its second bankruptcy in just over a year and said it is hunting for a buyer.The casino, which had gone through Chapter 11 bankruptcy in March 2013, warned employees...
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June 20, 2014, 07:11 AM
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Revel AC, Inc., the parent company of Revel Entertainment Group, LLC, announced today that the company has successfully completed an amendment and restatement of its existing First-Lien Credit Agreement, dated May 21, 2013, thereby increasing the...
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November 11, 2013, 07:41 AM
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Revel AC Inc., announced it has successfully completed its financial restructuring and emerged from Chapter 11 of the United States Bankruptcy Code. Through the restructuring plan, which has been approved by both the U.S. Bankruptcy Court for the...
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May 22, 2013, 07:23 AM
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Revel AC Inc. announced the U.S. Bankruptcy Court for the District of New Jersey (Camden) has confirmed Revel’s prepackaged plan of reorganization (the “Plan”) under Chapter 11 of the Bankruptcy Code. The Plan was unanimously accepted by creditors...
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May 14, 2013, 08:04 AM
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Revel AC Inc. announced the US Bankruptcy Court for the District of New Jersey (Camden) has entered a final order to approve Revel’s approximate $250 million debtor-in-possession financing to help support and maintain its day-to-day operations...
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April 19, 2013, 08:09 AM
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Acknowledging the time constraints that Revel AC Inc. faces to get its financial house in order in time for the summer season, U.S. Bankruptcy Judge Judith Wizmur on Wednesday approved a series of first-day motions by attorneys for the casino...
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March 28, 2013, 07:47 AM
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AC Revel Inc., owner of the struggling Revel casino in Atlantic City, formally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Camden Monday, as expected.
The prepackaged bankruptcy, with terms Revel's creditors have agreed to, is meant...
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March 26, 2013, 07:46 AM
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Revel AC Inc., the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, plans to file for a prepackaged bankruptcy that will reduce its debt burden by more than $1 billion.
Certain Revel lenders will provide about...
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February 20, 2013, 07:39 AM
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Revel AC, Inc. announced the completion of an amendment to its existing revolving credit facility with JP Morgan Chase Bank, as administrative agent, and the lenders and financial institutions party thereto. The amendment provides for the addition of...
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December 28, 2012, 07:32 AM
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