Revel AC Inc., owner of an Atlantic City, New Jersey, casino, won court approval to exit bankruptcy under a deal with creditors that cuts debt and gives them ownership of the resort just 13 months after it opened.
President Barack Obama met with chief executives of utility companies and their affiliated lobby groups on minimizing power disruptions during major storms like those that occurred in the Northeast after Superstorm Sandy.
PokerStars, seeking to buy the Atlantic Club Casino Hotel in New Jersey, won a temporary court order barring owner Colony Capital LLC from ending their sale agreement or approaching others to purchase the property.
Caesars Entertainment Corp., the largest owner of casinos in the U.S., reported a quarterly loss that missed analysts’ estimates after revenue in its main markets of Las Vegas and Atlantic City declined.
Revel AC Inc., an Atlantic City, New Jersey, casino owner trying to exit bankruptcy next month, asked a judge to disband an official committee of unsecured creditors, calling its potential oversight unnecessary.