Business

New Atlantic City Casino Files For Bankruptcy

NPR | March 26, 2013 6:57 a.m. | Updated: March 26, 2013 9:29 a.m.

The Revel Casino isn’t even a year old yet but Monday it filed for bankruptcy. The move will turn over control to lenders. The hope is that the casino can get rid of more than a billion dollars in debt. But it’s not lights out for the glitzy Revel, the casino along with its hotel, theaters, restaurants and night clubs will remain open during the financial restructuring.

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