Revel Delays Bankruptcy Auction
Today was supposed to settle the Revel Casino‘s future, but no longer: The bankruptcy auction planned to take place in a New York attorney’s office has now been delayed to August 14th.
The Press of Atlantic City reports on the court filing announcing the delay:
Revel has received bids but needs “additional time to fully analyze and evaluate the bids received and … (is) not prepared to go forward” with Thursday’s auction, the filing said.
A Monday deadline for bids on Revel came and went without any public notice of whether bona fide suitors emerged.
The casino has said it will shut by summer’s end if a suitable buyer can’t be found.
Previously: Will Revel Be a Monument to Atlantic City’s Broken Dreams?
Previously: What Revel and Neverland Have In Common
Previously: Revel Says It Will Close If It Can’t Find a Buyer