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	<title>The Borgata &#8211; TheCount.com</title>
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		<title>&#8216;Last Hope&#8217; New Jersey Casino Goes Belly Up Files Chapter 11 After One Year</title>
		<link>https://thecount.com/2013/02/19/new-casino-bankruptcy/</link>
					<comments>https://thecount.com/2013/02/19/new-casino-bankruptcy/#comments</comments>
		
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		<pubDate>Wed, 20 Feb 2013 03:49:42 +0000</pubDate>
				<category><![CDATA[ThecounT]]></category>
		<category><![CDATA[Atlantic City New Jersey]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chapter 11 Title 11 United States Code]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Revel Atlantic City]]></category>
		<category><![CDATA[The Borgata]]></category>
		<category><![CDATA[Trump Entertainment Resorts]]></category>
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					<description><![CDATA[<p>The glass casino, Revel, deemed Atlantic City&#8217;s &#8220;last hope,&#8221; has filed for Chapter 11 bankruptcy protection, less than a year after opening. The voluntary, prepackaged bankruptcy envisioned for late March will wipe away about two-thirds of its $1.5 billion in debt by converting more than $1 billion of it into equity for lenders. Kevin DeSanctis, [&#8230;]</p>
<p>&lt;p&gt;The post <a rel="nofollow" href="https://thecount.com/2013/02/19/new-casino-bankruptcy/">&#8216;Last Hope&#8217; New Jersey Casino Goes Belly Up Files Chapter 11 After One Year</a> first appeared on <a rel="nofollow" href="https://thecount.com">TheCount.com</a>.&lt;/p&gt;</p>
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