Contact Us
Make My Homepage

Revel executives to make millions if casino sells

CAMDEN, N.J. (AP) — A federal bankruptcy judge says she would approve bonuses worth a total of $1.75 million for executives at Atlantic City’s Revel Casino Hotel if they manage to sell the property.

Revel Casino Hotel in Atlantic City
Revel Casino Hotel in Atlantic City (AP Photo/Wayne Parry)

Judge Gloria Burns has not said which executives are in line for the bonuses. But the Press of Atlantic City reports they will get more if the selling price is higher.

Atlantic City’s newest casino is in bankruptcy court for the second time in a little over a year. Executives there say the casino will close and fire its 3,200 employees if a buyer cannot be found.

Bids are due for Aug. 4.

An auction could be held next week if there is more than one qualified buyer.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!