A casino workers union that has been locked in a bitter struggle with Atlantic City's newest casino is warning investors against pumping any more money into the struggling casino resort.
Revel owes millions in unpaid taxes to Atlantic City and borrowed millions more to stay open through next year. The struggling casino's finances continue to be in trouble.
New Jersey's state senate president says the new Revel casino's finances are "dire," and that he fears Atlantic City's newest resort could fail.
Atlantic City's main casino union wants state gambling regulators to determine whether the city's newest casino is financially stable. The union cites Revel's disappointing performance in its first four months of operation and claims the $2.4 billion casino owes $27 million in unpaid bills to contractors and vendors.