Home / Local News / REVEL COULD SHUT DOWN THIS SUMMER IF NO BUYER EMERGES

REVEL COULD SHUT DOWN THIS SUMMER IF NO BUYER EMERGES

220px-Revel_Atlantic_City_from_boardwalkA new report says another Atlantic City casino could be shutting down soon. The AP says a letter has been sent out to employees that says that the casino could shut down if a buyer can’t be found. Revel is trying to sell in order to avoid having to file for a second bankruptcy. The soonest any employees would be let go in a worst case scenario is Aug. 18. The casino is currently mostly owned by its investors who were given a stake in the casino in exchange for the money the casino owned in loans.

Check Also

NORTH WILDWOOD POLICE TO PARTICIPATE IN “OPERATION TAKE BACK”

Many local police departments will be participating in “Operation Take Back” on Saturday.  In North …

Leave a Reply

Your email address will not be published. Required fields are marked *