Revel AC Inc., whose Atlantic City, N.J., casino has been in bankruptcy twice since it opened in 2012, postponed its auction set for today one week to Aug. 14 so it can analyze multiple purchase offers it received, Bloomberg News reported today. Revel “received a number of bids” by the Aug. 4 deadline yet the company still requires “additional time to fully analyze and evaluate the bids,” according to court documents filed yesterday. Revel will probably postpone a hearing to seek approval of the sale to the winning bidder, which is currently set for Aug. 8, to a reserve date of Aug. 18.
