Revel Casino Now Even Closer to Brink after Sandy

November was a terrible month for all twelve Atlantic City casinos, due largely, of course, to Hurricane Sandy. But the $2.4 billion Revel, which opened only eight months ago, probably would have underperformed anyways. According to figures released yesterday, Revel made only $6 million last month, down 33 percent from its already paltry October showing, performing worse than all but one casino–Trump Plaza. All told, AC experienced its largest-ever monthly revenue decline in history, at 30 percent. Still, considering Revel requested another lifeline just last week, on top of a credit infusion in August, Sandy may be the least of its troubles. [Inquirer]

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