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Revel AC sees negative $8.11 million of EBITDA in November; revenue down
By Kali Hays
New York, Jan. 26 – Revel AC, Inc. reported negative $8.11 million of EBITDA during November on $71,553 in net revenue, according to its monthly operating report filed Jan. 26 with the U.S. Bankruptcy Court for the District of New Jersey.
In October, the company posted negative $8.12 million of EBITDA on net revenue of $53.03 million.
Revel’s net loss for November was $14.88 million, increasing from a $14.67 million net loss in October.
The company also had zero cash on hand as of Nov. 30, remaining unchanged from the end of October.
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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