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Published on 4/7/2015 in the Prospect News Distressed Debt Daily.

Revel AC closes $82 million sale of assets to Polo North Country Club

By Caroline Salls

Pittsburgh, April 7 – Revel AC, Inc. closed the $82 million sale of its assets to Polo North Country Club, Inc. on Tuesday, according to a notice filed with the U.S. Bankruptcy Court for the District of New Jersey.

The sale was approved on Monday.

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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