Revel To Be Renamed And Open In June

The Revel in Atlantic City cost $2.4 billion to build, and when it opened on April 2, 2012, was expected to help transform the state’s beleaguered casino industry. Unfortunately, things did not go according to plan and after declaring bankruptcy twice, Atlantic City’s most expensive casino shut its doors on September 2, 2014.
However, it would seem the huge complex is about to be given a new lease of life, and having been purchased by Florida developer Glenn Straub for $82 million last April is expected to open for business once more on June 15th. In anticipation of its opening date, the giant white ball which sits on top of the colossus building was lit up on Monday as equipment was tested and put through their paces, although when the venue does eventually open it will no longer be called Revel.
Commenting on the exciting development, Glenn Straub said that the casino’s relaunch would initially be limited to just a part of the property, and elaborating further said:
“We haven’t been sitting around for 10 months doing nothing. We’re not going to have all 1,800 rooms open; we’ll probably have 500 open that day. All the restaurants will be open, I think. They’ve been wanting to re-open since the day it closed.”
When it does eventually reopen, it will hopefully draw a line under the casino resort’s chequered history. Since closing and being acquired by Straub, it has received numerous fines over its fire detection system, had a court battle with its power supply company, and had to fork out $36,000 for damaged windows caused by seagulls.
Atlantic City’s casino industry has been in decline since revenues peaked at $5.2 billion in 2006. By last year, that figure had fallen to just $2.56 billion, making AC the third biggest casino resort in the US, having lost its mantle to Pennsylvania a few years earlier.