Revel admits mistakes in Atlantic City as restructuring plan gets OK - Atlantic City News - pressofAtlanticCity.com Mobile

Revel admits mistakes in Atlantic City as restructuring plan gets OK - Atlantic City News - pressofAtlanticCity.com Mobile

back Side Panel

Revel admits mistakes in Atlantic City as restructuring plan gets OK

1 image

Michael Ein

Interim Revel CEO Jeffrey Hartmann testifies Wednesday at the NJ Casino Control Commission in Atlantic City. The CCC gave regulatory approval to Revel's bankruptcy plan of reorganization.

Updated

In what amounted to a $2.4 billion mea culpa, Revel’s new executive team admitted Wednesday that the luxury megaresort misjudged the Atlantic City market in its first year of operation and urgently needs to repair its customer relations.

Login required

Sign in
1 image

Michael Ein

Interim Revel CEO Jeffrey Hartmann testifies Wednesday at the NJ Casino Control Commission in Atlantic City. The CCC gave regulatory approval to Revel's bankruptcy plan of reorganization.