Tuesday, July 16, 2013


How can you get rid of $2 billion in debt and still not manage? How can a casino cost $2.4 billion to build?
Wall Street analysts have said it could take years before Revel, built at a cost of $2.4 billion, reached profitability. The Chapter 11 reorganization it just completed eliminated nearly $2 billion in debt, but the massive casino resort is still burning cash to keep operating.

Hopefully Chris Christie gives them some more money.