The closure will mean the loss of more than 3,100 jobs.
Revel opened in April 2012 as the first new casino in Atlantic City since the Borgata opened nine years earlier, and carried great hopes for many that it would be the catalyst to jolt what had been the nation's second largest gambling market back to life. Atlantic City has since slipped to third place behind Nevada and Pennsylvania, whose casinos touched off the New Jersey resort town's revenue and employment plunge in 2007.
while a buyer is sought. (AP) Atlantic City's Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday
Atlantic City's Revel Casino to close in September
Revel has ranked near the bottom of Atlantic City's casinos in terms of the amount of money won from gamblers since the day it opened.
Its original owners envisioned it as a luxury resort that just happened to have a casino, and eschewed many staples of casino culture, including Nike Air Max Thea Textile Sneaker Lavender a buffet and bus trips for day trippers. But that strategy as well as the only overall smoking ban in Atlantic City turned off customers, and Revel filed for bankruptcy in 2013, a little over a year after opening.
The casino was due to be sold at a bankruptcy court auction last week, but that was postponed until Thursday to allow casino officials to study bids that were Nike Air Max 2015 Red Blue
the company's new emphasis on its casino.
But despite some improvement, Revel's finances never recovered enough, and it filed for bankruptcy a second time in June, warning that it would close if a suitable buyer could not be found.
On Monday Aug. 11, 2014, the New Jersey Casino Control Commission said it lacks the power to force the Showboat owners to keep it open for four additional months past its Aug. 31 shutdown date Nike Air Max 2015 Prices
The company said it will close its doors on Sept. 10. The move comes two years after the $2.4 billion casino opened. It has never turned a profit.
Since 2006, when the first Pennsylvania casino opened, Atlantic City's casino revenue has fallen from $5.2 billion to $2.86 billion last year.
That led to new ownership and a "Gamblers Wanted" promotional campaign to emphasize Air Max Thea Desert Camo Restock
received. But after Revel's board met on Monday, the decision was made to shutter the iconic glass covered casino at the north end of the Boardwalk.
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