Revel Starts Shutdown Monday After Just 2 Years
The most spectacular and costly failure in Atlantic City’s 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City’s struggling gambling market. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. Revel still hopes to find a buyer for the property after it has ceased to operate as a casino.
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