![]() ![]() Revel opened in April 2012 as the first new casino in Atlantic City since the Borgata opened nine years earlier, and carried great hopes for many that it would be the catalyst to jolt what had been the nation's second-largest gambling market back to life. But after Revel's board met on Monday, the decision was made to shutter the iconic glass-covered casino at the north end of the Boardwalk. The casino was due to be sold at a bankruptcy court auction last week, but that was postponed until Thursday to allow casino officials to study bids that were received. ![]() "We will continue to endeavor toward a placement with such an owner, but there can be no assurance as to the outcome of the pending bankruptcy process." "We hope that Revel can be a successful and vital component of Atlantic City under a proper ownership and reorganized expense structure," the company said. But it acknowledged that if that happened, it would be after the facility had already shut down. Revel said it still hopes to find a buyer through the bankruptcy process. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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