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Revel AC sees negative $2.5 million of EBITDA for month ended July 31
By Caroline Salls
Pittsburgh, Sept. 25 – Revel AC, Inc. reported negative $2.5 million of EBITDA for July on $19.78 million in net revenue, according to a monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.
The net loss for the month was $9.65 million.
The company had $8.31 million of cash on hand as of July 31.
Revel AC, an Atlantic City, N.J.-based gaming and entertainment company, filed for bankruptcy on June 19 in the U.S. Bankruptcy Court for the District of New Jersey. The Chapter 11 case number is 14-22654.
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