by Lisa A. Grimaldi | August 07, 2014
The bankruptcy auction of Atlantic City’s Revel Casino Hotel that was scheduled for today has been postponed until Aug. 14, giving the resort's lawyers more time to review bids from potential buyers, according to press reports. The casino's attorneys said in a court filing Wednesday night that they had received multiple bids for the casino by the Monday deadline; at press time, those bidders had not been made public. The 1,800-room property, Atlantic City's newest gaming report, faces bankruptcy for the second time in a little over a year; if a buyer is not found, the $2.4 billion casino will close and fire its 3,200 employees.