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Revel files for bankruptcy20 June 2014Revel Casino Hotel opened two years ago with high hopes that it would be the marvel of the Atlantic City boardwalk. Now, the $2.4 billion property has filed for protection from creditors in federal bankruptcy court. Revel is now seeking a buyer. "We will work to reach an agreement with a new owner who will help ensure Revel's long-term financial stability and who shares our commitment to providing Revel's guests and players an exceptional experience in lodging, gaming, entertainment and recreation," Revel CEO Scott Kreeger said in a statement. Revel has announced it will close if it does not find a buyer by Aug. 18. |