What Happened to the Revel Casino in Atlantic City?

The Revel Casino in Atlantic City was one of the most highly anticipated casinos in recent memory. It was a $2.4 billion project that was supposed to revitalize the struggling Atlantic City casino market. The Revel opened in April 2012 to much fanfare, but it quickly became clear that the casino was in trouble.

PRO TIP:The Revel Casino in Atlantic City, New Jersey, closed its doors for the last time in September 2014. The casino had opened in 2012, but struggled to turn a profit, and ultimately filed for Chapter 11 bankruptcy protection twice. Despite being one of the most luxurious properties on the city’s boardwalk, Revel was unable to secure enough customers to remain profitable. After numerous failed attempts to find a new buyer or investor, the casino officially closed in 2014.

The Revel struggled to attract customers and generate revenue, and it filed for bankruptcy just two years after opening. The casino was sold at a bankruptcy auction in 2014, and it reopened later that year under new ownership. The new owners tried to turn the Revel around, but they were unsuccessful and the casino closed for good in September 2014.

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The Revel was a massive failure, and its closure dealt a devastating blow to Atlantic City. The city has lost nearly half of its casinos since 2014, and it is still struggling to recover from the Revel’s collapse.