Revel AC, Inc.

  1. June 29, 2015

    Revel Wins Ch. 11 Plan Confirmation After Forging Peace Deal

    A New Jersey bankruptcy judge gave the Revel AC Inc. Chapter 11 estate the thumbs-up on its liquidation plan Monday days after the debtor made peace with myriad warring creditor factions, and over the objections of the federal watchdog, who argued the strategy contained too many liability releases.

  2. June 26, 2015

    Revel Strikes Deals With ACR, NJ Ahead Of Ch. 11 Hearing

    Shuttered casino Revel AC Inc. asked a New Jersey federal judge Friday to approve settlements totaling nearly $5 million with longtime bankruptcy rival ACR Energy Partners LLC and the Garden State, clearing two major hurdles on its path toward approval of its Chapter 11 plan.

  3. June 24, 2015

    Revel Tenants' Leases Survive Ch. 11 Sale, Judge Rules

    A New Jersey bankruptcy judge gave amenity tenants of Atlantic City's closed and beleaguered Revel Hotel and Casino in Atlantic City a victory Wednesday, ruling their agreements are indeed leases and that the property's new owner can't interfere with nightclub operator Idea Boardwalk LLC's access to utilities for now.

  4. June 22, 2015

    Revel Wants To Pull Plug On Nightclubs' Bid For Power

    The new owner of Atlantic City's Revel Casino Hotel urged a federal judge on Saturday to deny an injunction sought by nightclub operator Idea Boardwalk LLC for a utility easement to power three venues in the building, saying it hasn't proven the necessity for, or right to receive, an easement.

  5. June 17, 2015

    Revel Creditors Want False Ad Class Action Blocked

    The unsecured creditors committee for Revel Entertainment Group LLC urged a New Jersey bankruptcy judge Wednesday to block a pending class action accusing the casino of luring gamblers to the property with the false promise of refunding their slot machine losses, saying the plaintiffs' attorney filed a proof of claim too late.

  6. June 09, 2015

    Ex-Revel Energy Provider Accuses Casino Of 'Gamesmanship'

    The former energy utility for the Revel Casino Hotel on Sunday accused the shuttered Atlantic City resort of playing games by refusing to hand over a $5 million letter of credit despite the urging of Wells Fargo, the letter's issuer and Revel's debtor-in-possession lender.

  7. June 04, 2015

    Ex-Revel Energy Provider, IGT Rip Latest Ch. 11 Plan

    Slot machine maker IGT and Revel Casino Hotel's former utility supplier have filed new objections to the shuttered Atlantic City property's Chapter 11 plan, saying it would improperly transfer IGT's intellectual property to Revel's new owner, Glenn Straub, and leave tens of millions of dollars in unpaid claims.

  8. June 01, 2015

    Revel Says NJ Isn't Owed $15M For Job-Creation Tax Credit

    Revel AC Inc. told a bankruptcy judge Friday that the New Jersey Division of Taxation shouldn't be entitled to claw back $15 million in tax credits for creating jobs at its Revel Casino Hotel because the facility was never entirely shuttered.

  9. May 26, 2015

    NJ Fights Revel's Objection To $20M Tax Credit Claim

    The New Jersey Division of Taxation on Monday urged a federal bankruptcy court to deny Revel AC Inc.'s objection to its $20 million claim, saying its request is based on a tax credit that was not properly earned and must be repaid.

  10. April 30, 2015

    Revel's Former Utility Provider Rips Ch. 11 Plan

    The former utility supplier for the shuttered Revel Casino Hotel on Thursday blasted the debtor's proposed reorganization plan, saying it would leave almost nothing to pay off nearly $50 million in administrative costs it has racked up.