Revel Delays Bankruptcy Auction

Now planned for August 14th.

Revel Hotel and Casino in Atlantic City on June 5, 2013. The Revel opened on April 1, 2012 at a cost of 2.4 Billion dollars. Photo | Shutterstock.com

Revel Hotel and Casino in Atlantic City on June 5, 2013. The Revel opened on April 1, 2012 at a cost of 2.4 Billion dollars. Photo | Shutterstock.com

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

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