Casino regulator: Revel seeks help with finances

Published February 13, 2013 9:00pm ET



ATLANTIC CITY, N.J. (AP) — Revel was supposed to help the struggling Atlantic City market turn around. Instead, it is the struggling casino-hotel that needs help turning around.

New Jersey’s top casino regulator said Wednesday that Revel Entertainment is seeking outside help with its finances as it struggles with over $1 billion worth of debt. David Rebuck, director of the state Division of Gaming Enforcement, said Atlantic City’s newest casino continues to negotiate with lenders.

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