Revel Casino Resort in Atlantic City, NJ Looking For $100 Million Credit Line

The Revel casino opened April 2 and was the first Atlantic City casino to open in nine years, but it has remained the 8th ranked casino in gambling revenue out of the city’s total 12. The casino’s poor performance is likely due to the same problems Atlantic City casinos have been facing for the past few years, including a weak economy and competition from Pennsylvania casinos.

The financing deal is expected to close in about a week.

American Casino Guide