November 22, 2014
ATLANTIC CITY, N.J. (AP) - Atlantic City's only smoke-free casino will soon allow patrons to light up on the gambling floor.
As part of its Chapter 11 bankruptcy filing, Revel says it plans to create a smoking area on the casino floor.
The $2.4 billion resort opened last April as the only non-smoking casino in Atlantic City. But that prohibition was seen by many as one of the reasons Revel struggled, and ultimately filed for Chapter 11 bankruptcy protection late Monday night.
Its filing lists $1.1 billion in assets and $1.5 billion in liabilities.
The casino says it plans to exit bankruptcy court by May 30. The restructuring will wipe out 82 percent of its debt, leaving it with a manageable $272 million in debt.
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