Revel AC Inc. said that it is exploring strategic options, such as a possible sale, and restructuring its loans, six months after the $2.6 billion Atlantic City casino emerged from bankruptcy, Bloomberg News reported on Friday. The New Jersey casino, owned by investors who took over in May, has not decided on any specific deal and can’t be certain one will occur. The company also said that it obtained $75 million in additional financing. Once owned by Morgan Stanley, the Revel Casino Hotel opened last year with the New Jersey resort city’s casinos in a downward spiral, buffeted by competition from neighboring states, the lingering effects of nationwide drop in gambling and later hurricane Sandy. Revel filed for chapter 11 protection in March, 11 months after opening.
