Revel files for bankruptcy; creditors to become owners - Press of Atlantic City: Atlantic City News

Revel files for bankruptcy; creditors to become owners

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Posted: Tuesday, March 26, 2013 6:00 am

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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