Wednesday, August 13, 2014
ATLANTIC CITY, N.J. (AP) — A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
In a notice adjourning an auction of Revel that had been set for Thursday, its lawyers say they are engaged in "ongoing negotiations" with "certain potential bidders" it did not identify.
The filing follows Revel's announcement that will shut down by Sept. 10, having been unable to find a buyer.
The casino held out hope a buyer could eventually be found through bankruptcy court, but said it needs to begin winding down its operations.
The news came on the same day that state casino regulators reported Atlantic City's casinos took in 11 percent less from gamblers in July than they did a year ago.