Lawyer: Revel ‘a Melting Ice Cube’ That Needs Help
Atlantic City’s Revel Casino Hotel is “a melting ice cube” that needs immediate help to stay open until a buyer can be found, its lawyer told a bankruptcy court judge Friday. The $2.4 billion casino is back in bankruptcy court for the second time in little over a year. It says it will shut down and fire its 3,170 employees if a buyer can’t be found. Revel lawyer John Cunningham told Judge Gloria Burns on Friday that Revel is losing $2 million a week, and has already lost $75 million this year.
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