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Revel
Four of Atlantic City's casinos, including Revel, closed in 2014. (Jessica Kourkounis, Getty Images)
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Court filing lists many errors that helped kill Revel casino

The former owners of Atlantic City's Revel casino are acknowledging a long list of mistakes that helped kill the $2.4 billion resort, including an onerous energy contract that strangled the property from the get-go.

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People walk past the Revel Casino Hotel in Atlantic City
People walk past the Revel Casino Hotel in Atlantic City (AP Photo/Mel Evans)
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Judge says new Revel owner can cancel tenant leases

The new owner of Atlantic City's Revel casino can terminate the leases of former business tenants there, a judge ruled Monday.

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Revel Casino Hotel in Atlantic City
Revel Casino Hotel in Atlantic City (AP Photo/Wayne Parry, File)
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Power plant shuts off service at Revel casino

Two days after it was bought by a Florida developer, Atlantic City's former Revel casino went dark Thursday as the power plant that is its sole supplier of utilities cut off service.

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Gambling
William Thomas Cain, Getty Images
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Casino profits in Atlantic City grow 44 percent after 4 shutdowns in a year

Here's a rare instance of Atlantic City's rash of casino closures actually bringing some good news to the industry.

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Atlantic City workers
Spencer Platt, Getty Images
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Union costs helped kill 4 Atlantic City casinos, says Icahn

Billionaire investor Carl Icahn says a big reason four of Atlantic City's 12 casinos closed last year is the "exorbitant" payments they had to make to a union-run health insurance fund and an underfunded pension plan.

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People walk past the Revel Casino Hotel on the boardwalk in Atlantic City
People walk past the Revel Casino Hotel on the boardwalk in Atlantic City (AP Photo/Mel Evans)
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Revel hopes for sale ‘soon’, seeks extension on Ch. 11 case

The owners of Atlantic City's former Revel casino hope to sell it "soon," even as they seek an extension through the end of June to wrap up its bankruptcy case.

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People walk past the Revel Casino Hotel on the boardwalk in Atlantic City
People walk past the Revel Casino Hotel on the boardwalk in Atlantic City (AP Photo/Mel Evans)
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Moody’s fears Atlantic City default after state report

Wall Street is less than thrilled about what it has heard from emergency managers appointed by New Jersey Gov. Chris Christie to help turn around Atlantic City's finances.

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Caesars Conference Center
Michael Massari, senior vice president of Caesars Entertainment, inspects ongoing construction of a conference center in Atlantic City, N.J. on Wednesday March 25, 2015. (AP Photo/Wayne Parry)
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Caesars bets big on Atlantic City meeting market with center

Atlantic City has a 1 percent problem, and it has nothing to do with the richest of the rich.

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Atlantic City Mayor Don Guardian
Atlantic City Mayor Don Guardian (Dino Flammia, Townsquare Media NJ)
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Atlantic City mayor details emergency manager process

Since an emergency management team was appointed in late January to dig Atlantic City out of a financial mess, the manager and his right-hand man have been silent on their plans for the gambling resort town. An initial report is due by early next week, and according to the city's mayor, there's plenty of work going on behind the scenes.

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Slot machines
William Thomas Cain, Getty Images
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February casino revenue down 14.8 percent in Atlantic City

Atlantic City's February casino revenue declined by 14.8 compared with a year ago, when there were 11 casinos operating instead of the current eight.

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