19, 2013: Revel announces it will file for bankruptcy in March to eliminate $1 billion in debt by converting it into equity for lenders. 28, 2012: Revel lines up new financing for the second time in less than a year.įeb. 30, 2012: State Senate president Steve Sweeney calls Revel’s finances “dire” and warns of a possible collapse.ĭec. 22, 2012: Wall Street ratings agencies downgrade Revel debt after the casino’s slow start. May 9, 2012: Revel’s $13 million in casino winnings ranks it near the bottom of Atlantic City’s 12 casinos -a spot it would occupy for its two-year existence.Īug.
March 28, 2012: Revel starts a two-day trial gambling period for invited guests before its official opening.Īpril 2, 2012: Revel opens to the public. March 26, 2012: Revel gets its casino license from New Jersey. March 7, 2012: Revel reveals that Mitch Gorshin, whose father, Frank, played the Riddler from the “Batman” TV series, designed the casino’s distinctive white ball atop its triangular roof. 16, 2012: Revel says it will have many more part-time jobs than the other Atlantic City casinos workers will be required to reapply for them every four or five years.
15, 2011: A construction worker is struck by lightning and killed while working outside at Revel.įeb. 2011: Revel scales down its plans, eliminating a proposed second hotel tower that reduces the number of rooms to about 1,100.
