Revel to file for Chapter 11 bankruptcy, but will remain open - Press of Atlantic City: Atlantic City | Pleasantville | Brigantine

Revel to file for Chapter 11 bankruptcy, but will remain open

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Posted: Wednesday, February 20, 2013 3:00 am

Revel will file for bankruptcy and give creditors a greater equity stake in the casino, which will reduce its debt by more than $1 billion and allow it to continue operating, officials said late Tuesday.

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