Revel Casino Hotel, the newest and largest casino in town, will shut down in after failing to find a buyer for the hulking blue-glass tower on the boardwalk. Vince Mazzeo, a New Jersey state assemblyman whose district.
Revel Casino Hotel, the newest and largest casino in town, will shut down in after failing to find a buyer for the hulking blue-glass tower on the boardwalk. Vince Mazzeo, a New Jersey state assemblyman whose district.
It was successful in bringing people to Atlantic City. Revel succeeded in attracting a younger generation of visitors to its popular nightclub, called HQ, and beach club β people who were not necessarily coming to Atlantic City to play blackjack or feed the slot machines. Downing said. A fourth, the Atlantic Club, closed in January. But the enormous cost of the property, its vast size and its peculiar configuration β patrons had to ride a steep escalator from the lobby to get to the casino, the story hotel and the restaurants β made it difficult to turn a profit. The owner of Revel filed for bankruptcy for a second time in June, saying it hoped to find a buyer. The loss of three casinos in the next few weeks would leave Atlantic City with eight casinos, and an industry that has been battered by competition from smaller casinos that have opened in Pennsylvania since Still, he expressed optimism that the city would reinvent itself with a smaller gambling industry, as city and state officials are hoping, as a resort, a shopping mecca, a convention city and a setting for concerts. An Air Force veteran, Mr. Guardian said. In the short run, the closing of possibly four casinos this year could force the city to raise property taxes again to offset the loss of revenue from the resorts. Home Page World U.{/INSERTKEYS}{/PARAGRAPH} Vince Mazzeo, a New Jersey state assemblyman whose district includes Atlantic City and nearby towns where many casino workers make their homes, lamented the closing and the resulting loss of jobs. {PARAGRAPH}{INSERTKEYS}Revel Casino Hotel, the newest and largest casino in town, will shut down in September, putting more than 3, employees out of work, the owner announced on Tuesday after failing to find a buyer for the hulking blue-glass tower on the boardwalk. It will join two other boardwalk casinos that are also scheduled to close soon, the Showboat on Aug. Downing was 18 in when he voted in his first election, which included a state referendum to legalize casinos as a way to revive the city in which he grew up.