Atlantic City

City

Whoever Has That $21,000 from Revel Is Getting Away With It

The person who has the $21,000 missing from Revel is being more careful than Joey Coyle was. To be fair, it’s a lot less money: […]

An aerial view of the beach and casinos in Atlantic City.
City

Showboat Gets OK to Close at End of the Month

New Jersey gambling regulators have given approval to the Showboat Atlantic City casino’s closing on August 31st at 4 p.m. The casino first opened in […]

City

Revel Out $21,000 After Bag Falls From Armored Car’s Roof

When it comes to Revel, the house always loses. Earlier this month, the Revel Casino Hotel lost $21,000 after a bag of money was left […]

Property

Morning Headlines: Was Revel’s Design to Blame for Its Failure (VIDEO)

Looking back at its two-year life (and the process leading up to it), it’s easy to see where things may have started to go downhill for […]

City Life

Revel: Right Idea, Wrong Time and Place?

It’s kind of a weird take on the Revel situation in today’s Inquirer. The headline captures the basic spin: “Revel: Right idea at wrong time […]

An aerial view of the beach and casinos in Atlantic City.
City Life

Report: Atlantic City May Have Just 6 Casinos by 2017

The bad news is getting worse: Atlantic City, which has seen the announcement of three casino closures this summer, is likely to see even more: […]

City Life

Marijuana-Growing Course Coming to Atlantic City

Now that medical marijuana is legal in New Jersey, a California-based school is headed to Atlantic City to teach future cannabis entrepreneurs how to grow […]

City Life

Dispatch from the A.C. Air Show: Fumo, Beasley and Tactical Surprise

Wednesday morning started out cloudy and damp at the beach in Atlantic City but transformed into a perfect day for the 12th annual Atlantic City […]

An aerial view of the beach and casinos in Atlantic City.
City Life

Christie Wants Summit on Atlantic City’s Future

In the wake of this week’s announcement the Revel Casino is closing — and thus eliminating more than 3,000 jobs — Jersey Gov. Chris Christie […]

City Life

Revel Atlantic City: Death, Delinquency, and Despair

Revel Atlantic City has announced that it will close on September 10th, the final dose of bad news for a $2.4 billion property that has […]

Property

Revel Gets a Closing Date

While it seems like the high-end shore market need not worry about this, Atlantic City might have take a moment to figure out what it’s […]

City

Revel to Shut Down on September 10th

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 […]

City Life

Report: No Qualified Bids for Revel

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 […]

City Life

Atlantic City Makes “Unfriendliest Cities” List In Conde Nast

Revel is bankrupt (again!). Casinos are closing. Property taxes are going up 29 percent. And now this: Conde Nast just named Atlantic City one of […]

Revel — which tried to be a casino that wasn't really a casino by banning smoking and focusing on entertainment that didn't involve slots — is for sale. While the building is certainly gorgeous, it's also been a dismal failure. It opened in 2012 and filed for bankruptcy 10 months later. If it sells, that selling price will be an indication of Atlantic City's gambling market, which right now is about as healthy as smokers chained to slot machines at Revel right now. (They dropped the non-smoking policy in 2013, natch.) The Atlantic Club, formerly the Atlantic City Hilton, sold for a paltry $23.4 million to a Caesars/Tropicana partnership (in comparison: the Sands sold for $250 million in 2006). The Atlantic Club is no longer operating, and just last week Caesars, which is the dominant casino company in Atlantic City, said it might start shutting down properties. So don't expect the Revel number to be a blockbuster.
City Life

Revel Delays Bankruptcy Auction

Today was supposed to settle the Revel Casino‘s future, but no longer: The bankruptcy auction planned to take place in a New York attorney’s office […]