Contact Us
Make My Homepage

Revel Seeks Additional Credit from Lenders

Atlantic City’s newest casino is seeking some breathing room from its lenders.

Revel Casino
Matthew White, Townsquare Media

Following a slow start out of the gate and a $35 million operating loss, Revel is asking its lenders to increase the amount of credit it can draw on.

The casino, which opened in April, has $30 million worth of credit, but wants to increase that to $100 million.

Revel has been mired in 8th place out of Atlantic City’s 12 casinos in terms of the amount of money won from gamblers, and analysts say it’s not taking in nearly enough to make its interest payments.

Revel CEO Kevin DeSanctis says the extra credit will get Revel through 2013 with a significant cushion.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

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