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Revel AC sees negative $4.84 million of EBITDA for January; revenue up
By Caroline Salls
Pittsburgh, March 16 – Revel AC, Inc. posted negative $4.84 million of EBITDA for January on $28,053 in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of New Jersey.
In December, the company reported negative $1.39 million of EBITDA on $26,084 in revenue.
Revel’s net loss for January was $7.71 million, narrowing significantly from a $404.52 million December net loss.
The company had zero cash on hand as of Jan. 31, remaining unchanged from the end of December.
Revel, an Atlantic City, N.J.-based gaming and entertainment company, filed for bankruptcy on June 19, 2014. The Chapter 11 case number is 14-22654.
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