Revel Casino Said to Plan Bankruptcy Filing This Month
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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 opened, a person familiar with the plan said.
The resort will remain open during the court case and the company is in the final stages of preparing the filing, which was pre-arranged with creditors, the person said. The company and a majority of creditors plan to use bankruptcy to cut about $1 billion in debt, Revel said last month.