But You Only Just Arrived! Revel Signals it’s Getting Ready to File for Bankruptcy

A.C.’s embattled Revel casino is giving off serious smoke signals that it’s preparing to file for bankruptcy. The Wall Street Journal (paywalled, h/t Grub Street) reports that Revel has hired restructuring lawyers and bankers whose presence can only means one thing. Revel is currently $1.2 billion in debt and is likely trying to get ahead of the “prepackaged bankruptcy” it would try to convince its (angry) creditors to sign on to. [Grub Street]