Report: No Qualified Bids for Revel

Will the Atlantic City casino close?

NBC 10 reports that no qualified bidders have emerged to purchase the Revel Casino in Atlantic City. That raises the possibility the troubled casino will be closed by summer’s end.

Should Revel’s owners opt to close the casino, it will be the fourth gambling hall to shut down this year along the Atlantic City boardwalk.

The Atlantic Club was closed in January. Caesars Entertainment-owned Showboat, which sits next to Revel on the boardwalk, is set to close its doors at the end of this month. Trump Plaza is shutting down in mid-September.

The Revel opened in 2012, and went into bankruptcy the first time the next year; this is the second time the casino has been in bankruptcy.

Previously: Revel Delays Bankruptcy Auction

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