The high-rise resort opened in April 2012 and was expected to help boost the Atlantic City economy. However, after just two short years, the resort was forced to close down as owners expressed they did not turn over enough of a profit to remain open.
Revel is the third of four casinos to shut down this year. The Atlantic Club shut its doors in January, Showboat closed on Sunday, August 31 and Trump Plaza will say goodbye on September 16.
In all, the closures will affect approximately 8,000 employees who will all be without jobs come mid-September.
Governor Chris Christie is expected to convene a summit in Atlantic City on September 8 to try and come up with a solution to fix the current state of the casino industry. After Trump Plaza closes, Atlantic City will be left with just eight casino resorts.
Although the hotel and casino lights are turned off, the Revel website remains live with event promotions and calendar listings still scrolling—perhaps wishful thinking that a buyer will soon scoop up the fallen casino out of bankruptcy and set it on its feet again.Click here to leave a comment