ATLANTIC CITY, NJ — New Jersey casino regulators have approved Revel’s plans for turning around the financially troubled business.

The state Casino Control Commission voted Wednesday on Revel’s reorganization plan, which has already been approved by a bankruptcy court.

The plan sheds most of the casino’s debt in return for giving lenders an 82 percent ownership stake.

Revel filed for Chapter 11 protection in March, less than a year after opening. It has remained mired toward the bottom of Atlantic City’s 12 casinos in terms of the amount of money won from gamblers each month.

Commission approval was needed before the casino can formally emerge from bankruptcy court.