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Revel to close in September

Discussion in 'Non-Vegas Hotels & Casinos' started by Judge Smails, Aug 12, 2014.

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  1. Judge Smails

    Judge Smails Tourist

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  2. saintpauljeff

    saintpauljeff VIP Whale

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    Well that was a good use of two and a half billion dollars...
     
  3. Blacklegs22

    Blacklegs22 Low-Roller

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    So, just to reflect, Cosmo has never turned a profit, Revel unprofitable and now toast...perhaps not a great endorsement for the new type of "branding" being implemented in gambling resorts? Are the connections for SLS getting nervous?
     
  4. maxdaddy254

    maxdaddy254 Tourist

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    Perhaps, but I think it's more a statement on Atlantic City, which is quickly disappearing.
     
  5. jayperiodsmith

    jayperiodsmith Low-Roller

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    Atlantic city is more of a day tripper paradise then people spending multiple nights. What they should do is blow up revel and showboat and build an out door stadium or concert venue. The view of the water would be great. They would draw a crowd, and most people would go home that night. Similar to jones beach. One of the best places to view summer concerts!
     
  6. ultima-forsan

    ultima-forsan Tourist

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    I wonder what they will do to the hotel after that? It seems like a nice spot to squat :drunk:
     
  7. Happy

    Happy Tourist

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    We've been going there pretty steadily since the beginning of the year
    so I'm pretty bummed that it will close.
    We were really starting to enjoy it there.
    I will say tho that when it first opened we didn't like it at all.
    Not sure why just didn't get a nice feel while playing.

    I think one of the bartenders said that revel didn't actually own
    the club or the bars, that they we're leased out. Do you think that's
    why they couldn't turn a profit? I don't know how much revenue those things
    could generate

    Gonna have to add Borgata back into the mix along with Harrahs.
     
  8. paperposter

    paperposter VIP Whale

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    clubs , angel mamgement wich is now hakkkasan built them all.
     
  9. Garmy

    Garmy Low-Roller

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    Revel was doomed from the start. The business model just did not work in AC. One thing you must know about AC is that other than gambling and a few decent restaurants there is nothing else to do 9 months out of the year. And leaving the confines of your hotel and boardwalk is risky, at best. I have been a steady gamer there for several years and although a beautiful hotel, they never went after the right gaming market. They tried to throw terrible food and service at you which was extremely overpriced and then expected you to enjoy it. Not to mention some of their promotions which were down right scams to lure in gamblers and then not fulfill the promotion. The latter was the last straw for most people. I am certain the hotel will be reopened under a new brand with management that hopefully has knowledge of gaming and the area.
     
  10. jerseyguy

    jerseyguy VIP Whale

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    Official Announcement from Revel Today

    Said it's closing by Sept. 10 unless a buyer can be found. nothing really new,but they made an official statement in all the local papers today.
     
  11. paperposter

    paperposter VIP Whale

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    the problem was first after 2 am there was nothing to do at nite and on week nites its dead, on weekends they want 300$ or more a nite for a room they can blow me, cheaper to fly to vegas, its also jersey harder to get people from nyc to get on a bus to go they would rather go to the hamptons or party in the city were the food and clubs rock.

    the strip clubs in ac suxed,
    it was down hill once they lost the porn convention around 15 years ago those were fun times.

    nothing ac had couldnt be found anywere else
     
    Last edited by a moderator: Aug 12, 2014
  12. PPtraderal

    PPtraderal Low-Roller

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    Revel ac to close

    Another Atlantic City Casino , Revel will be closing on September 10th 2104. Property cost $ 2.4 billion to build. Management anticipates that a non casino operator will acquire the property.
    Another victim of the Penna. slot parlor and racino expansion. The shame for the players is the Penna. joints are terrible with comps etc due to the 55% slot tax. I live three miles from Parx and don't play there. Did play some for a few years but they don't take care of the players. I believe we are seeing the beginnings of over expansion on the east coast. Good for casino owners but bad for the players. Think we'll stick with our two annual trips to Vegas. Sorry for the rant. Revel was a kind of cool place with all the latest slots, no buffet though. I guess too high a niche for the market.
     
  13. user3657

    user3657 High-Roller

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    Thats the problem. For the younger/nite crowd....theres not much to do. Even up to a few years ago you could head down and have some fun after midnight...now its dead after 2am. We tried to get into jelly(revel) at 4am 3 weeks ago and they were closed..... Last year during the summer they were open and packed till atleast 6. Shoot, I passed cashbah around 2am and they were already closed on a sat night.

    Not worth the 2 hour drive anymore....might as well go to my local casino nightlife :/
     
  14. Someone

    Someone High-Roller

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    over expansion of casino gambling on the east coast has gray hair and kids in college
     
  15. Snidely

    Snidely VIP Whale

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    I shocked it's really going to close. It's a beautiful casino. They got a little snooty when it first opened and it cost them. $16 martinis. How'd that work out for you? We were there during the pre-opening and never once got a mailer from them. Just emails about buying tickets for shows I'm not interested in.

    I disagree about the restaurants there. We ate in 5 or 6 of the restaurants there and the food was very good. A little pricey, but very good.
     
  16. paperposter

    paperposter VIP Whale

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    they tried to take vegas and nyc and recrate it in ac and target gamblers from day one failur. ac is not nyc never will and will be . trying to charge 300$ a nite for a room in ac i rather go on a real vacation, good idea bad excution ,they could have the borgato on the pier better location better clubs they just fucked it up from the start
     
  17. Snidely

    Snidely VIP Whale

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    Borgata is very good at multiple personalities. Revel reminds me a lot of the Palms but the Palms is/was much better at attracting the older locals during the week and the younger party crowd on the weekend.

    Every casino in AC is $300 a night on the weekend.
     
  18. lotso-bear

    lotso-bear VIP Whale

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    How much in taxpayers $ was used for this?
     
  19. RockyBalboa

    RockyBalboa VIP Whale

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    http://www.bloomberg.com/news/2012-08-10/chris-christie-s-failed-state-capitalism.html

     
  20. RockyBalboa

    RockyBalboa VIP Whale

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    That article is from 2012...and I cannot find the one I was looking for.

    But if memory serves correct I believe that NJ ended up throwing in $70M in taxpayer money
     
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