Revel Casino Hotel told staff Thursday (6/19) that it will shut down if a buyer can’t be found in bankruptcy court. Revel said it is seeking a buyer for the struggling $2.4 billion casino, but can’t guarantee one will be found. If not, employees could be terminated as soon as Aug. 18, Revel said in the letter.
“If Revel is unable to complete such a sale promptly, Revel expects to close its entire facility,” the letters read. The company also said it plans to stay open while it searches for a buyer, operating as usual, honoring player comps and paying employees and vendors.