REVEL COULD SHUT DOWN THIS SUMMER IF NO BUYER EMERGES

220px-Revel_Atlantic_City_from_boardwalkA new report says another Atlantic City casino could be shutting down soon. The AP says a letter has been sent out to employees that says that the casino could shut down if a buyer can’t be found. Revel is trying to sell in order to avoid having to file for a second bankruptcy. The soonest any employees would be let go in a worst case scenario is Aug. 18. The casino is currently mostly owned by its investors who were given a stake in the casino in exchange for the money the casino owned in loans.