Revel AC, Inc.

  1. January 05, 2015

    Revel's $95M Sale To Backup Bidder Gets Judge's Nod

    The protracted sale of Atlantic City's bankrupt Revel Casino Hotel took another unexpected turn on Monday, with a New Jersey bankruptcy judge approving the $95.4 million sale to a buyer that was previously outbid, only for the buyer to stall the sale to gain a discounted price.

  2. December 22, 2014

    Revel Casino's Power Plant Warns It Could Go Bankrupt Too

    The energy provider to Atlantic City, New Jersey's struggling Revel casino hotel asked a New Jersey bankruptcy judge on Friday for permission to shut off the casino's power, claiming the Revel owners' strategy is to force the power plant into bankruptcy to reduce its value.

  3. December 16, 2014

    Revel Wants Court To Nix 'Burdensome' Energy Agreements

    The owner of Atlantic City's shuttered Revel Casino Hotel asked a bankruptcy judge on Monday to reject energy services and lease agreements with electricity supplier ACR Energy Partners LLC, blasting the pacts from 2011 as unwanted and unduly burdensome.

  4. December 12, 2014

    NJ Judge To Mull Backup Revel Bid After Nixing $110M Deal

    A New Jersey bankruptcy judge on Friday approved the termination of a $110 million deal for Brookfield Property Partners LP to purchase Atlantic City's bankrupt Revel Casino Hotel, potentially facilitating a $95.4 million purchase by a bidder who lost the property in a contentious auction.

  5. December 10, 2014

    Revel Wants $95M Backup Bid Revived After Winner's Pullout

    The shuttered Revel Casino Hotel may still sell itself a month after Brookfield Property Partners LP abandoned a $110 million offer over disputes with lenders to the property's power plant, according to Tuesday court filings seeking to revive a $95.4 million sale to a Florida developer.

  6. December 04, 2014

    Brookfield-Revel Deal Could Be In Play, Attorney Says

    An extinguished deal to purchase Atlantic City, New Jersey's troubled Revel Casino Hotel may not be dead, according to reports, with an attorney saying Thursday the deal could still come together, pending the outcome of a $119 million dispute with a utility creditor.

  7. December 02, 2014

    Revel Can't Shake Tax Agreements, Atlantic City Says

    Atlantic City on Monday told a New Jersey bankruptcy court that Revel Casino Hotel must honor a tax settlement agreement the duo had inked over disputed property tax assessments, saying Revel's objection lacks a legitimate bankruptcy interest since the casino has closed and is essentially liquidating.

  8. November 25, 2014

    Revel Appeals Order To Let AC Collect $33M In Unpaid Taxes

    Atlantic City's Revel Casino Hotel has appealed an order issued by a federal bankruptcy judge earlier this month allowing the resort city to collect about $33 million in unpaid property taxes owed by the bankrupt casino through the sale of a tax lien.

  9. November 19, 2014

    Brookfield Backs Out Of $110M Deal To Buy Revel Casino

    Brookfield Property Partners, a Canadian real estate company, has withdrawn plans to buy Atlantic City's Revel Casino Hotel, backing out of its deal to purchase the bankrupt property for $110 million following a disagreement with the power plant that provides Revel's long-unpaid utilities. 

  10. November 18, 2014

    Revel Seeks To Boot 'Burdensome' Atlantic City Tax Deal

    Atlantic City's Revel Casino Hotel on Monday asked a New Jersey bankruptcy judge to reverse her ruling to allow Atlantic City to collect at least $20 million in unpaid property taxes, arguing the city's inflation of the property's value makes the tax bill unduly burdensome.