Revel Casino Hotel, the glittering Vegas-like casino that was supposed to revitalize Atlantic City’s casino industry, announced today it has failed to find a buyer and will shut down on Sept. 10.
Next month’s closing means 3,100 workers will lose their jobs.
While gorgeous, the hotel — the tallest building in Atlantic City and second-tallest in New Jersey — did not get good reviews. While he was impressed by the hotel room views, our own Victor Fiorillo gave it a scathing review when he attended a Maroon 5 show there in May 2012. And after booking Maroon 5 and Beyoncé when Ovation Hall opened, the concert hall then went dark for months.
The casino — which opened on April 1, 2012, and cost $2.4 billion — was plagued by problems even before it opened. It needed a massive tax reimbursement to finish the project and filed for bankruptcy 10 months after opening. It emerged from that, but filed for bankruptcy again earlier this year.
Though Atlantic City's mayor said a "half-dozen" buyers were interested in the property, the casino failed to receive a qualified offer.
The failed casino will go down in pop culture history, though. Ovation Hall is the location where Kanye West revealed that Kim Kardashian was pregnant!
"We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property," Revel said in a statement Tuesday morning. "We thank them for their professionalism and dedication; however we are faced with several unavoidable circumstances."