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Revel AC, Inc.

  1. April 27, 2015

    NJ Regulator Says Straub Can't Take Revel's Casino License

    Real estate tycoon Glenn Straub, the new owner of the shuttered Revel Casino Hotel in Atlantic City, is facing another obstacle in his bid to reopen the property after New Jersey's gaming regulator told a bankruptcy court Monday that state law prohibits his company from assuming Revel's casino license from the previous owner.

  2. April 21, 2015

    Utility Deal, Sandy Implicated In Revel Bankruptcy

    The former owners of the shuttered Revel Atlantic City laid out in court filings Monday a laundry list of factors, including Superstorm Sandy and an onerous contract with the casino hotel's utility provider, that helped push the resort into bankruptcy barely a year after it opened its doors in 2012.

  3. April 20, 2015

    Revel Ch. 11 Judge OKs Power Plant Lease Termination

    The judge presiding over the Revel Casino Hotel's bankruptcy cleared the way Monday for lawyers to offer a liquidation plan, granting requests to terminate leases of former business partners and weakening the Revel power supplier's claim for priority repayment rights.

  4. April 13, 2015

    Revel Power Plant Faces Hearing On Ch. 11 Service Value

    The judge presiding over the Revel Casino Hotel's bankruptcy indicated Monday she would soon consider whether to chop down the defunct property's liability to its troubled utility supplier, a lingering dispute reappearing amid a contract standoff with the Revel's new owner.

  5. April 09, 2015

    Revel Power Plant Drops Service To Force Straub's Hand

    Real estate tycoon Glenn Straub's ambitions to revitalize Atlantic City's Revel Casino Hotel hit a snag Thursday when the owner of the defunct resort's specially-made power plant, itself facing possible bankruptcy, cut off utility service over a lingering rate dispute.

  6. April 06, 2015

    Revel's Energy Provider Balks At $82M Ch. 11 Sale Order

    A New Jersey bankruptcy judge entered an order Monday approving the $82 million sale of Revel AC Inc. to real estate tycoon Glenn Straub despite last-minute concerns from the closed casino building's sole utility provider ACR Energy Partners LLC, which is also appealing the treatment of its contract.

  7. April 01, 2015

    Wells Fargo Blasts 'Illusion' Of $82M-Topping Bid For Revel

    Defunct casino Revel Atlantic City Inc. and its largest lender, Wells Fargo Bank & Co., on Wednesday urged a bankruptcy judge to approve on Thursday a previously rejected $82 million Chapter 11 sale to developer Glenn Straub, blasting objectors to the deal and arguing that no better offer exists.

  8. March 31, 2015

    Pair Of Real Estate Execs Readying $88M Rival Bid For Revel

    New York developer Howard Milstein and New Jersey real estate executive Carl Goldberg are preparing an $88 million cash bid to acquire the bankrupt Revel Casino Hotel, intensifying the battle to acquire the defunct Atlantic City casino resort, according to a court filing on Tuesday.

  9. March 27, 2015

    Revel Casino Takes Another Stab At $82M Ch. 11 Sale

    Atlantic City's defunct Revel Casino Hotel has chosen to stick with a proposed $82 million Chapter 11 sale to Florida real estate tycoon Glenn Straub, according to court papers filed Thursday in support of a deal rejected once before by the presiding bankruptcy judge.

  10. March 23, 2015

    Revel Creditors Oppose Rush To Renewed Straub Deal

    Unsecured creditors of Revel AC Inc. urged a New Jersey bankruptcy judge on Monday to proceed slowly with the casino's renewed push for an $82 million sale to real estate tycoon Glenn Straub, saying newly interested suitors should be given as much time as possible to develop competing offers.

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