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The Showboat's owner, Caesars Entertainment, closed the still-profitable casino to reduce the number of casinos in Atlantic City, which has been struggling with plunging revenue and increased competition in the saturated northeastern U. By mid-September it will have eight, and 8, workers will have lost their jobs. Most watched News videos CCTV shows man wearing silver wig and black dress running from flat Staggering aerials of foot crane collapsed onto terraced houses Woman screams 'white lives are better' at Black Lives Matter rally Moment two cocker spaniels faces are blown around by the wind Beer garden brawl: Violent moment scrap breaks out in Scotland Amazed motorist drives past convertible car with bull as passenger Ferrari floating on the A 'river' leaving driver furious Shocking moment beachgoers throw boulders at baby seal in Kazakhstan Woman 'manhandled' by male police officer after assisting protestors Sunak serves food in Wagamama as he encourages people to go back out Collapsed crane smashes through houses in north-east London Dutch police uncover makeshift 'torture chamber' in Holland. It has never turned a profit. A pre-recorded announcement programmed in advance blared through loudspeakers precisely at 6 a. When it opened in April , it was so laden with debt that it couldn't bring in enough revenue to cover it. The beginning of the end for Atlantic City? When it opened, it was so laden with debt that it couldn't bring in enough revenue to cover it. A good thing? Atlantic City Mayor Don Guardian speaks to the press on the Boardwalk, in Atlantic City Friday ahead of the final weekend for Showboat and Revel casinos, whose closures will mean massive job loss for Guardian's city. But the Great Recession hit just as new casinos were popping up in neighboring Pennsylvania and New York, cutting deeply into Atlantic City's customer base. We worked really hard to try to keep it operating, and we're still profitable. Praying for change: Bishop James Washington of the New Shiloh Baptist Church in Atlantic City leads a prayer service on Wednesday for the 8, casino workers set to lose their jobs soon. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. The city's woes were brought on by ever-increasing competition from casinos in nearby states in the saturated Northeast gambling market. Yet many analysts and casino executives say the painful contraction now shrinking Atlantic City's casino market is exactly what the city needs to survive. It blew my mind. Revel became the second Atlantic City casino to shut down over Labor Day weekend, joining the Showboat, which closed its doors Sunday afternoon. Revel will be the second of three Atlantic City casinos to close in a two-week span. High room and restaurant prices hurt, too. Wade will be among the thousands of workers showing up at the Atlantic City Convention Center on Wednesday for a mass unemployment filing. Last call: People wait near taxis outside the entrance to the Revel Hotel Casino early on Tuesday as the resort closed its doors for the last time. The casino shuts down Tuesday. Conspiracy theory Businesswoman says she would NEVER work with fat people because it shows a person has a 'troubled mind' and Meghan Markle launches bid to keep secret the identities of five female friends who briefed People magazine Royal household's 'no comment' policy which frustrated Meghan Markle was for HER benefit to not make things Kanye West 'is in the middle of a serious bipolar episode and his family are very concerned for him' Education Secretary Gavin Williamson vows to rip up target of sending 50 per cent of young people to Summer's coming back!{/INSERTKEYS}{/PARAGRAPH} Caesars Entertainment CEO Gary Loveman wrote in a letter to employees that the Showboat has been in business in Atlantic City for 27 years and Caesars was proud to operate it for 16 years. The casino section of the Revel closed at a. Atlantic City, which started the year with 12 casinos, will have eight before summer is over. We still don't understand why we were the one targeted to close, and nobody has given us an answer on that. 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This place would be perfect if it was in Las Vegas. Revel, the Showboat and Trump Plaza are all shutting down by mid-September. More than 5, workers will lose their jobs in the seaside gambling resort, leaving many feeling betrayed by a system that once promised stable, well-paying jobs. Share or comment on this article: Atlantic City's Revel hotel turns off its lights to become third casino to close this month e-mail. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. More top stories. Share this article Share. The consolidation pummeling Atlantic City is a reaction to the saturated northeastern U. Argos AO. That included Atlantic City's only total smoking ban, which alienated many gamblers; the lack of a buffet and daily bus trips to and from the casino; and the absence of a players' club. Atlantic City started the year with 12 casinos. A community mourns: A large crowd gathers on The Boardwalk at the entrance of the closing Showboat Casino Hotel at four-in-the-afternoon. Its hotel, shaped like the s cartoon character Gumby, was closed on Monday, and it was virtually invisible in the early morning darkness. And we are gone: Casino workers and customers answer questions after they walked together out of The Revel Hotel Casino together early in the morning on Tuesday, September 2, , in Atlantic City, New Jersey. The bathroom was bigger than my home. The first casino, Resorts, opened in , kicking off three decades of soaring revenue and employment. Next on the chopping block: Trump Plaza will close in mid-September, the third in a string of painful closures in the once grand gambling mecca. The casino broke ground just before the Great Recession. None was a costlier failure than Revel. Revel employees Joe Lucchetti, of Turnersville, N. Checking out: Hotel guests gather their luggage after checking out of Revel Casino Hotel. The idea behind Revel was to open a totally different resort, a seaside pleasure palace that just happened to have a casino as one of its features. There are too many jobs being pushed out of Atlantic City due to corporate greed. Revel Casino Hotel opened with a bang a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market. The property that debuted at sunrise on April 2, , with its then-president joining New Jersey Lt. Inside the casino, recordings urged customers to patronize Caesars Entertainment's three remaining casinos in Atlantic City: Caesars, Harrah's and Bally's. Close: A casino worker secures a plastic chain across The Boardwalk entrance to the Revel Hotel to signal its closure on Tuesday morning. Lights inside its casino pictured will shut off for good Tuesday morning. Its closure along with Revel's will cost Atlantic City 5, in just three days. Analysts and competitors say it was hampered by bad business decisions and a fundamental misunderstanding of the Atlantic City casino customer. The Showboat stopped admitting new customers at 3 p. It's too new, too pretty. It would be right up there with Wynn. When the Borgata opened, that should have been the last of the high-end casinos for Atlantic City. Many casino analysts and industry executives say they expect the remaining casinos to fare better financially with less competition. We had high hopes,' said Liditze Diaz, a restaurant worker at Revel. There wasn't the riff-raff here. {PARAGRAPH}{INSERTKEYS}By Associated Press. So what killed Revel? Revel officials declined to comment. Owner Caesars Entertainment is closing the still-profitable Showboat to reduce the number of casinos in Atlantic City. Shedding jobs: The year-old Showboat closed Sunday. Kim Guadagno in a blueberry smoothie toast, quietly ended operations as the last handful of gamblers, who never turned out in great enough numbers to keep Revel alive, filed out of the sleek glass tower. Many analysts and casino executives say the painful contraction now shrinking Atlantic City's casino market is exactly what the city needs to survive. Hotel guest Andrew Tannenbaum of Edison says he loved Revel, but management went overboard with lavish spending and high prices. Revel shut down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. The iconic ball atop the building, designed by the son of actor Frank Gorshin, who played 'The Riddler' on the 'Batman' TV series, was also turned off, and the only illumination was two emergency red lights at the very top of the structure to warn away approaching aircraft. Revel had been slated to close at 6 a. Atlantic City will end the year with eight casinos after beginning the year with When casino gambling was approved by New Jersey voters in , it was billed as a way to revitalize Atlantic City and provide stable, lasting jobs. But Revel had gone mostly dark hours earlier. Huge loss: Members of the congregation react to a preacher's sermon during a prayer service Wednesday. By the time those decisions were reversed, it was already too late. Bing Site Web Enter search term: Search. But I think they overspent, went overboard and got in over their heads.