Poker Coverage: Poker Tournaments U.S. Poker Markets Sports Betting Poker Strategy

Atlantic City's Revel Casino Closes

Bankrupt Property Shuts Downs After Two Horrid Years

Print-icon
 

via Press of Atlantic CityAt 6 a.m. on Tuesday, Sept. 2, the most expensive casino in the history of Atlantic City shut down its gaming operations.

If you didn’t redeem any Revel chips or slot vouchers prior to the closing, you may present those items for redemption at the Revel General Cashier Office until Sept. 30, 2014, Monday-Friday, from 9:00 am to 5:00 pm, Revel said on its Facebook page last month.

To access the General Cashier Office, guests will utilize the parking garage entrance on New Jersey Ave., enter through the employee entrance and will be escorted by a security officer.

After Sept. 30, any person holding Revel Casino chips and slot vouchers will only have one possible recourse for redemption through the filing of a proof of claim form with the United States Bankruptcy Court for the District of New Jersey.

All promotional offers with dates after Sept. 1, 2014 are canceled and invalid. All events, including concerts, have been canceled and customers will be refunded.

Revel’s hotel guests had to vacate the property on Monday.

The casino, which never turned a profit in its two years of being open, marks the second casino closing in Atlantic City this year. Two more were scheduled for this month.

Showboat actually closed on Sunday.

Revel announced that it would close this month back in mid-August.

Many blame casinos popping up in other states in the region as the reason why Atlantic City gaming revenues as a whole have been slumping heavily since 2006.

According to the Associate Press, it’s possible the property could one day find a buyer—but more than likely it wouldn’t be operating as a casino again in the future.