Scarinci Hollenbeck’s Bankruptcy & Creditors' Rights practice group regularly provides content on sports and athletic franchises. Our content provides insight on dealing with sports and athletic franchise bankruptcy issues.
Bankruptcy Judge Decides to Void Revel Casino Sale
A bankruptcy judge on Dec. 12 voided the proposed sale of the Revel Casino Hotel to a Canadian firm that backed out of the deal. As requested by Revel Entertainment, Bankruptcy Judge Gloria Burns canceled the sale of the casino to Toronto-based Brookfield Asset Management for $110 million, according to The Associated Press. The company […]