The Revel Casino in Atlantic City was at one time being heralded as the dawn of a new era in New Jersey casino gambling, and the most expensive casino in AC with its massive amount of non gambling offerings including dining, drinking and partying was seen as the casino that could turn the tide in the recent struggles of the Garden State resort. That however is most definitely not going to be the case, as it will be closing its doors in September with all staff losing their jobs. The Revel has only been operational for two years and in that short space of time has filed for bankruptcy twice, and now it adds to the list of casino closures in Atlantic City following the The Atlantic Club, the Trump Plaza and the Showboat.
This is indeed a huge blow for seaside resort in that investors will now be looking very differently at Atlantic City and possibly the casino industry as a whole, however there’s still hope that casino gambling in the state can rise again, with proposals still on the table to open casinos outside of the beleaguered Atlantic City, proposals that Gov. Chris Christie is still considering. There’s the hope that casinos in the north of the state, may be able to provide a lifeline for AC, even as far as sharing revenue.
The Revel struggled from day one, as it entered the market in direct competition to the already established Borgata Casino that had traditionally been seen as the higher end casino in the area. There were also simple problems, things that players didn’t like about the casino, such as having to walk a very long distance to the actual gaming floor, or take a ride up a large escalator...things that could have been straightened out during the planning phases. Atlantic City as a whole has suffered due to the introduction of casino gambling in Maryland, with the Maryland Live casino taking away many players who had previously travelled interstate to get to AC.
It’s bad news all around, as along with the 3,000 jobs, there is of course also the tax revenue from casino gambling in the state which has dwindled away, and at the moment the future is looking a little troubled for Atlantic City.