Revel Bankruptcy Auction Postponed a Week - NBC 10 Philadelphia

The Economic Impact of Casino Closings

Revel Bankruptcy Auction Postponed a Week



    The auction for the Revel Casino has been pushed back to next Thursday so lawyers can review current bids. (Published Thursday, Aug. 7, 2014)

    The bankruptcy auction of Atlantic City's troubled Revel Casino scheduled for Thursday has been postponed until next week.

    Lawyers for the casino said in a court filing Wednesday night that they received multiple bids for the casino by Monday's deadline and need additional time to review them.

    The auction was rescheduled for Aug. 14 at 9 a.m.

    Atlantic City Mayor Don Guardian said last month that there were six potential buyers for the casino, but none of the potential bids have been outlined.

    Revel is the city's newest casino and cost $2.4 billion to build. It opened in April 2012 but has declared bankruptcy twice. The casino has said it will close if a buyer isn't found and approved.