Revel AC posts negative EBITDA of $1.13 million for April; revenue up

By Kali Hays

New York, June 22 – Revel AC, Inc. reported negative $1.13 million of EBITDA for April on $5,430 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.

For March, the company marked negative $4.47 million of EBITDA on zero revenue.

Revel’s net income for April was $13.15 million, a marked improvement from a net loss of $8.55 million in March.

The company had zero cash on hand as of April 30, remaining unchanged from the end of March.

Revel, an Atlantic City, N.J.-based gaming and entertainment company, filed for bankruptcy on June 19, 2014. The Chapter 11 case number is 14-22654.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.