Money

Massive Atlantic City Casino-Hotel To Shutter Sept. 10

Posted on August 12, 2014

The cavernous, glass-and-steel Revel behomoth will stand empty as of Sept. 10, the largest testament yet to a dwindling casino industry and a mega-failure of a private-public investment strategy.
The cavernous, glass-and-steel Revel behomoth will stand empty as of Sept. 10, the largest testament yet to a dwindling casino industry and a mega-failure of a private-public investment strategy.

ATLANTIC CITY, N.J.  — Atlantic City’s newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort’s gambling market.

It will be the second of four Atlantic City casinos to shut down this year as the Atlantic City gambling market continues to crumble.

The city started this year with 12 casinos. The Showboat will close on Aug. 31, and Trump Plaza is closing Sept. 16. The Atlantic Club Casino & Hotel closed on Jan. 13.

Associated Press article and CBS Philly video

Related article: Trump Wants Name Removed From Taj Mahal

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