But it acknowledged that if that happened, it would be after the facility had already shut down. Revel said it still hopes to find a buyer through the bankruptcy process. The company said it cannot avoid "an orderly wind-down of the business at this time.'' It also said challenges arose in attempts to sell Revel. The company said its situation was compounded by a "considerable non-controllable expense structure" that financially burdened the property. "Atlantic City will flourish in the coming years, and I really, truly believe that." "In a transition period of making it a resort destination, you know I think we still have to focus on that and go forward in making that happen," Mazzeo said.
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