Report: Hard Rock in 'deep talks' to buy Revel casino

A bankrupt Atlantic City casino may have found itself a buyer, according to a report in the New York Post.

Revel Casino, the $2.4 billion resort which opened in 2012 and promptly fell on hard times, is reportedly in "deep talks" with Hard Rock International.

If Hard Rock is successful in its pursuit of the 1,399-room casino hotel, Revel would likely be shut down for renovations and reopen under the Hard Rock brand, the Post reported.

Revel, which was once touted as the potential savior of Atlantic City, has struggled since its April 2012 opening. It declared bankruptcy in March. The Associated Press reported that by reorganizing under Chapter 11  $1.2 billion of its $1.5 billion in debt was wiped away in return for granting lenders an 82 percent ownership stake.

It remains stuck near the bottom of the city's 12 casinos.

Hard Rock had previously considered building a $460 million casino at the seaside gambling mecca, only to abandon its plans in Sept. 2012 citing poor market conditions.

According to the Post, other companies have also expressed interest in Revel.