Revel Casino Hotel Moves Closure Date Up By More Than A Week
ATLANTIC CITY, N.J. (CBSNewYork/AP) – The Revel Casino Hotel in Atlantic City announced it will close eight days sooner than it originally planned.
The $2.4 billion hotel has barely been open for two years, and was the hope to save Atlantic City’s struggling casino industry.
Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced on Tuesday. The casino has never turned a profit.
The company originally said it planned to close on Sept. 10, but now says it will close the hotel at 11 a.m. on Sept. 1 and the casino at 5 a.m. on Sept. 2.
About 3,100 people will lose their jobs when Revel closes.
It will be the second of four Atlantic City casinos to shut down this year as the Atlantic City gambling market continues to crumble.
Revel said it still hopes to find a buyer through the bankruptcy process. But it acknowledged that if that happened, it would be after the facility had already shut down.
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