Revel Casino Atlantic City Closing Earlier Than Planned

The $2.4 billion Revel Casino and Hotel in Atlantic City has been the talk of the town since it opened around two years ago, as it was seen as the saviour of Atlantic City back then. Only this new massive casino and hotel would be able to attract new clientele to the city and thus save the dying casino industry.

Two years later we could report that the casino and hotel were bankrupt and wanted to close down on September 10th, due to terrible results. Now the company who owns Revel Casino and Hotel has sent out a press release stating that despite them hoping to still sell the casino to another company, they have decided to close it even sooner, with the hotel closing September 1st and the casino closing September 2nd.

“We thank all of our employees for their professionalism, dedication and hard work,” The statement from Revel said. “We know that they have provided an outstanding experience for our guests and will continue to do so through this process.”

With the bankruptcy of Revel Casino, it is the fourth hotel and casino in Atlantic City to close this year. Atlantic Club closed in January, Showboat is closing on August 31st and Trump Plaza will close on September 16th, showing clearly that the industry is dying.

Before the first casino’s opened up in Pennsylvania, Atlantic City’s casino industry was a $5.6 billion a year industry. Now eight years later, this number has been cut in half as the revenue numbers last year was a mere $2.86 billion. 

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago