Revel Casino Wins $400M Tax Assessment Reduction

January 29, 2015 – In The News
Law360

Michael J. Viscount Jr. and Raymond M. Patella were featured in the Law360 article “Revel Casino Wins $400M Tax Assessment Reduction.” Full text can be found in the January 28, 2015, article, but a synopsis is below.

The former Revel Casino recently reached a settlement with Atlantic City that will see its 2015 property tax assessment reduced from $625 million to just $225 million.

The immediate effect for Revel is the reduction in the amount of taxes it has to pay in its first two quarterly tax installments from nearly $10 million to $1.88 million.

Revel is represented by Michael J. Viscount Jr. and Raymond M. Patella.