The closure, planned for September 10, will result in the loss of approximately 3,100 employees — a huge chunk out of the local job market, which is already reeling due to the impending closure of Showboat, affecting 2,100 employees, and Trump Plaza, with 1,000 employees. A fourth casino, the Atlantic Club, closed earlier this year.
Revel Casino Hotel officials apologized to employees and the Atlantic City community for the closure. "We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property," Revel officials said in a statement Tuesday morning. "We thank them for their professionalism and dedication; however we are faced with several unavoidable circumstances."
Officials have said they will continue to seek a new owner for the resort in hopes of allowing business to continue "under proper leadership."
Revel will continue to honor reservations and deposits over the coming weeks while it remains open.
The gleaming high-rise resort opened amid much excitement in April 2012. It was expected to help lift the entire Atlantic City economy but, despite world-class restaurants and top entertainment, it never managed to live up to its promise.
The Showboat is set to close on August 31 and Trump Plaza will close September 16.