Revel: Chapter 11 filing expected Monday

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Revel: Chapter 11 filing expected Monday

22 March 2013

ATLANTIC CITY, New Jersey -- Revel is predicted to file for Chapter 11 Bankruptcy on Monday, the Philadelphia Inquirer reported.

The company announced its bankruptcy in late February after struggling during its first year of operation, the report said.

Monday's filing will see the beginning of a process to restructure the company's debt and finances, while normal operations remain in place at the casino-hotel, according to the Philadelphia Inquirer report.

Revel: Chapter 11 filing expected Monday is republished from CasinoCityTimes.com

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