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It's Decision Time for The Revel Casino as Room Rates Hold Steady

Go To The Hotel's Web 
  Site Where: 500 Boardwalk [map], Atlantic City, NJ, United States
August 11, 2014 at 1:40 PM | by | Comments (2)

UPDATE, 8.12.14: The Revel Resort and Casino will close on September 10. Over 3,000 jobs will be lost. The resort never turned a profit in the two years it was opened. #rip

It's been nearly two months since we learned The Revel Casino in Atlantic City was in danger of closing yet sadly, there doesn't seem to be much improvement in the boardwalk casino's financial health.

Revel is set to go up of auction on Thursday but NBC Philadelphia reports that as of today, there are no qualified bids. The resorts' board of directors are supposedly meeting this afternoon and will determine whether or not the resort will close. There should be an update on this later today. We'll be keeping our fingers crossed.

Meanwhile, this weekend, rooms are sold-out on Saturday night and running about $499 a night for the next two weekends. Rates during the week are as low as $129 a night. And judging from the hotel's Facebook post earlier today, you'd never know anything was amiss.

[Photo: HotelChatter]

Comments (2)

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$499

Wouldn't you just stay in NYC and go down for the day? That markup is nuts.

But then I have never known the delights of the jersey shore


^I agree

I wonder what the occupancy rates are during the week?

Target Market

I'm certainly not an expert, but I'd bet that people living in NYC are likely to be the #1 target market for Atlantic City hotels.

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