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Revel would have closed without emergency money

By Wayne Parry
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CAMDEN, N.J. (AP) — On its first day in bankruptcy court, Atlantic City’s newest casino revealed just how bad things had gotten.

A lawyer for the $2.4 billion Revel resort told a bankruptcy court judge Wednesday that the casino was within days of running out of money, and that it would have shut down had she not approved a plan for $250 million in temporary funding to get it through bankruptcy.

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