Tag: Gambling Hotels

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Revel Atlantic City Now To Close on September 2

August 20, 2014 at 1:44 PM | by | Comments (0)

If there's any question about just how bad things are going for the Revel in Atlantic City, look no further than the fact that the casino resort has moved up its closing date from September 10th to 5 a.m. on September 2nd, right after the Labor Day weekend.

According to reports, the owners of Revel wanted to shut down even sooner - this week - but its request was denied by the New Jersey Division of Gaming Enforcement. All hotel operations will cease as guests check out on Monday, September 1st.

This contributor is anxious to see the city move on from this mess, so the sooner the Revel is out of the picture, the better. Still, there are a few things to keep in mind as things shut down next weekend:

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Revel Resorts Announces It Will Officially Close After Labor Day

Go To The Hotel's Web 
  Site Where: 500 Boardwalk [map], Atlantic City, New Jersey, United States
August 14, 2014 at 12:25 PM | by | Comments (0)

In case you hadn't already heard, The Revel Resort and Casino in Atlantic City announced that it will officially close its doors and shut down all operations on September 10, only two and a half years after it first opened in April 2012. Hailed as the project that would revive Atlantic City, Revel was never able to turn a profit and was continuously battling bankruptcy issues.

The resort had been a curious case leading up to this announcement. Despite rumors of the potential closing, rates were as high as ever and the hotel is even sold out this weekend. The brass at Revel attributed the resort's demise to a "considerable non-controllable expense structure that financially burdened the property." To us, it sounds like a fancy way to say they didn't do their homework.

Revel said it is going to continue to try to find a buyer during the bankruptcy process, but that even if it does, it will not be until after the resort closes. In total, 3,100 jobs will be lost, which is, of course, sad. And the city is going to have to figure out what to do with the abandoned building if no one wants to give it another go. It's easy to shrug our shoulders at that as tourists, but the locals are the ones who have to bear the aftermath of a botched tourism effort.

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