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NJ's newest casino, Revel, to file for bankruptcy

Discussion in 'Non-Vegas Hotels & Casinos' started by gongoman, Feb 19, 2013.

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  1. gongoman

    gongoman MIA

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    HMM.....
     
    Last edited by a moderator: Feb 19, 2013
  2. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Email sent out to their customers:
     
  3. Kickin

    Kickin Flea

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    I was just reading about this earlier. I'm GLAD that their model has failed. The place hasn't been able to attract gamblers because it tries to act like its too good for gambling. Since day 1 they pushed the idea that they were a resort that happened to have a casino instead of being a casino resort. They thought that by charging a lot, making the place look hip, and bringing in big name DJs and performers, they would suddenly draw people from all over the region there to party. Yet their market is largely from the NYC and Philly area so it was dumb of them to think they could compete purely as a nightlife destination. It boggles my mind why they wouldn't try to emulate Borgata's model which has been the most successful AC casino in decades.

    Let's hope a more skilled operator takes it over.
     
  4. Dpin300

    Dpin300 Low-Roller

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  5. gongoman

    gongoman MIA

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  6. C0usineddie

    C0usineddie VIP Whale

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    I am glad that business model of attracting hipsters and db's didnt work out. I guess they finally realized that 22 year olds dont have any money.

    The neat thing about casinos is they can just switch things up fairly cheaply vs building a new one and they are rolling in the money again. Its not like they are going to shutter the place up.
     
  7. Kickin

    Kickin Flea

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  8. jerseyguy

    jerseyguy VIP Whale

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    Gov said this is a great move for Revel

    He still has faith that AC will become a great entertainment and Convention destination. Too bad they didnt borrow the money from the mob,they could take it over and run it right.
     
  9. maximus56k

    maximus56k Tourist

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    Agree Chick. There will come a day win the "casinos" realize that you dance with the one who brought you to the party. That never ending need to be a resort has created a memory crisis among the guys who build these places. :Þ
     
  10. flysrb

    flysrb Hey Now!

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    Hey Now!
    we were there last Saturday, and the place was dead. Left there and went over to the Borg and it was packed. Holiday weekend and Revel still can't draw a crowd!
     
    HEY NOW! NYE in AC!!!!!!!
    Hey Now! 6 days in Biloxi....plus early Mardi Gras Parades!!!
  11. DMSCR

    DMSCR High-Roller

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    Revel has

    1) Great rooms
    2) Natural lighting
    3) Dealers/Supervisors are awesome on par with what I experienced at the Wynn/Encore.
    4) NON-SMOKING. Major plus.

    Problem is that it is too expensive and trying to be some resort with ignoring the majority of the AC gambling crowd. I mean with the kind of money I spend at the Revel on a typical weekend I can fly out to Vegas.
     
  12. user3657

    user3657 High-Roller

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    As one of those club-goers, Revel never attracted me. Im in my late 20's and this is the only reason I go to vegas a few times a year. They just never had big name DJ's, but more local DJ's. They advterise some new club scene where the music will stop and some live act will start...Just never caught my attn. Never ever heard from anyone else "lets go to revel tonight".

    So I think they failed that part at least. I stayed on a two night comp when they opened and the staff was extremely friendly and plentiful.

    Its confusing to get around the place, I remember hearing a bunch of random conversations about people were lost, this is so confusing, blah blah blah.

    Its ashame, hopefully they change their ways because AC sure needs more traffic!
     
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