But “all the things that doom a property were in there.” “You don’t expect to see a two-year-old property close,” said Alan Woinski, president of Gaming USA, an industry consultancy and newsletter publisher.
Aug 16 (Reuters) - When the $2.4 billion Revel Casino opened its doors in 2012, the curvy blue-glass tower was hailed as the wave of the future for Atlantic City, New Jersey.īut only two years later, with the announcement that it will close next month while in bankruptcy for the second time, the gleaming, 52-story gambling palace is looking very much like a white elephant stranded on Atlantic City’s beachfront.
