Revel AC Inc., whose Atlantic City, N.J., casino has been in bankruptcy twice since it opened in 2012, won permission to pay executive bonuses of as much as $1.75 million tied to the sale of its business, Bloomberg News reported yesterday. U.S. Bankruptcy Judge Gloria M. Burns at a hearing yesterday authorized the company to make the bonus payments after the resort’s fate is determined at an auction set to be held next week. The company’s struggles illustrate the larger issues facing Atlantic City, which has already seen the Atlantic Club close and may have two other casinos shut down by the end of September. Caesars Entertainment Corp. plans to shutter the Showboat on Aug. 31 and the Trump Plaza Hotel & Casino said it plans to end operations on Sept. 16.
