THURSDAY IS AUCTION DAY FOR THE REVEL IN ATLANTIC CITY

Revel_Casino_in_Atlantic_CityThe fate of the Atlantic City casino industry will be partially determined on Thursday as an auction will be held for the Revel Casino.  The $2.4 billion casino property is going up for auction and more than a dozen interested parties are coming to the table to place their bids.  If a buyer cannot be found, the Revel likely will close at the end of the summer.  The winning bid is expected to be well below what it cost to construct the casino.