ATLANTIC CITY, N.J. — It’s the most spectacular and costly failure in Atlantic City’s 36-year history of casino gambling: the $2.4-billion Revel Casino Hotel emptied its hotel Monday. The casino itself will shut early Tuesday morning.
Revel is shutting down a little over two years after it opened, aiming to revitalize 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. It has never turned a profit.
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The Associated Press