Revel, the $2.4 billion Atlantic City casino, will close in September
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Version 0 of 1. It’s not wildly unexpected news, but it is news nonetheless: Revel, the $2.4 billion casino and resort that opened on Atlantic City’s boardwalk just two years ago, will close its doors next month. The company had said that it would close if it could not find a buyer for the ailing facility. In a statement on Tuesday, Revel’s parent company announced that it would close by Sept. 10. “We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property,” the company said in a statement. Revel had more than 3,100 employees as of last month, according to the New Jersey Division of Gaming Enforcement. And this closure comes amid the news that Trump Plaza is expected to close around mid-September. All told, Atlantic City could see four casinos closing this year, costing more than 6,000 people their jobs. These closures come as Atlantic City’s casino revenues have plummeted since 2006, illustrating the dramatic decline facing the onetime gambling mecca. |