ATLANTIC CITY — New Jersey casino regulators have approved a restructuring plan that creates a new holding company for Revel, a key part of the $2.4 billion resort’s post-bankruptcy switch to new ownership.
The Casino Control Commission gave preliminary approval Friday for Chatham Asset Management to obtain a license, according to The Press of Atlantic City.
Revel has 1,399 hotel rooms and a casino with more than 2,400 slot machines and 130 table games.