Reuters: Bankruptcy News: Atlantic City casino Revel files for bankruptcy

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Atlantic City casino Revel files for bankruptcy Mar 26th 2013, 02:35 March 25 | Mon Mar 25, 2013 10:35pm EDT March 25 (Reuters) - Revel, a lavish Atlantic City casino that opened less than one year ago, filed for bankruptcy protection late on Monday, a court filing showed. The Chapter 11 filing, which was expected, culminates a rapid decline for a complex that cost $2.4 billion to build and had been expected to bringing Las Vegas-style glitz to a city where gambling revenue had fallen for several years. The case is Revel AC Inc, Case No. 13-16253, U.S. Bankruptcy Court, District of New Jersey.

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