11/23/2023 0 Comments Revel casino atlantic city latest newsThe casino took in $122 million from its April 2 opening through the end of last year. Not everyone has the luxury of that time frame."ĭeSanctis said Revel has done well in terms of pleasing group and leisure travelers but added there is much work to be done on the gambling side of its operation, an observation he called "a blinding flash of the obvious." "We believe the property over a long term can be extremely successful, but it's going to take some time. "They had one time horizon we had another," DeSanctis said. The anticipated pace of Revel's recovery played a large part. The moves come less than two weeks before Revel is expected to file a pre-packaged Chapter 11 bankruptcy filing that will wipe out about two-thirds of its $1.5 billion in debt and give lenders a greater equity stake in the resort in return.ĭeSanctis said the decision for him to resign was a mutual one, shared by the company's lenders and board.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |