Revel files for bankruptcy; creditors to become owners - Breaking News Alerts - pressofAtlanticCity.com Mobile

Revel files for bankruptcy; creditors to become owners - Breaking News Alerts - pressofAtlanticCity.com Mobile

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Revel files for bankruptcy; creditors to become owners

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Danny Drake, Oct. 5, 2011

Revel Atlantic City. 

Updated

Revel filed for bankruptcy Monday, according to online court documents, formalizing the start of a restructuring process that will allow the $2.4 billion megaresort to continue operating with less debt and give creditors an equity stake.

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Danny Drake, Oct. 5, 2011

Revel Atlantic City.