Since opening to much fanfare in April, Atlantic City’s $2.4 billion Revel casino has been a bust, according to the Philadelphia Inquirer, and may be on the verge of bankruptcy. The casino had an operating loss of $35 million in the second quarter, according to the Division of Gaming Enforcement, although $17 million of it came from “one-time preopening charges.” Meanwhile, for conditions are improving for other boardwalk properties as non-gaming revenue increased 13.3 percent [more]
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