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Tag Archives: Atlantic City Bankruptcy

US- Revel files for Chapter 11 bankruptcy

The failing Atlantic City casino, Revel has now filed its voluntary pre-packaged Chapter 11 cases in the US Bankruptcy Court for the District of New Jersey (Camden) to commence its previously announced financial restructuring. Under the plan of reorganisation, Revel will significantly reduce its debt by more than 82 per cent from approximately $1.52bn to…