The president of Revel Casino Hotel says potential buyers are all interested in keeping the Atlantic City casino resort open after a sale.
Scott Kreeger says all the interested parties Revel has spoken with thus far about possibly buying the casino plan to continue operating it.
The main casino workers' union has expressed concern that a sale could result in the shutdown of the casino, or large-scale job losses. Local 54 of the Unite-HERE union has undertaken a series of actions to press Revel to protect workers' jobs in the event of a sale.
"All of the interested parties with whom we have had discussions with during our strategic alternatives review process have stated an intention to continue to operate the facility. It is premature to speculate on the results of this process, but we are mindful of our employees’ concerns regarding job stability," said Kreeger.
"Revel has not received any taxpayer money from the State of New Jersey through its Economic Redevelopment Growth Grant. The Economic Redevelopment Growth Grant is a public program available to any investor who is willing to commit development dollars within the state and meets the criteria. These tax rebates are available to Revel only after it generates sales tax revenue for the state in excess of certain milestones, which has not yet occurred. When these funds are available, they are largely pre-dedicated to improvement of the Southeast Inlet Section of Atlantic City."
The $2.4 billion casino filed for bankruptcy last year, less than a year after opening.
It has remained near the bottom of Atlantic City's 11 casinos in terms of the amount of money won from gamblers.
