Hang In There Revel Casino, Your Luck May Turn

While it is typically patrons of a casino that are in need of a little luck, this time it is Revel Casino that needs to either double down or take what is left of their once enormous pile of chips and cash out. Basically, Revel Casino has 16 with the dealer showing a face card and after their second bankruptcy in less than 18 months, they need to take a hit.

If you haven’t been to Revel, I would suggest that you check it out. Not only because
is a fantastic building and one of the most spectacular casinos in the World, but also because there is a chance that they could be closing their doors in August if they don’t find someone willing to buy the ailing monstrosity of excess.  It has been a fun place to play casino games like blackjack, baccarat, craps and many others. And if it sounds like I’m giving a little bit of a sales pitch for Revel, well, I am.  I moved to the east coast from the thin air and low humidity of Colorado to work in project management for a subcontractor on the Revel Casino, those who know me know how much I love Casinos. Like in the Philippines, https://roulette.ph/ offers lots of bonuses. I remember that the first fact I learnt about gambling was that a lot of the UK bonuses can range up to matching 400% of your first deposit..  It was a tough move, and tough project, and I was able to squeeze as much out of the job as I could until the project was stopped in 2009 and I was kindly given directions to the nearest exit.  But nevertheless, there is a special place in my heart for the Revel Casino.  I want it to survive, it should, and I think it will.  Not only because I want it too, but also because the building is awesome and it is a product of some of the most talented architects, engineers, and contractors we have in this country.

At first I thought that this threat to close was a just that, a threat, with the intention of getting the State of New Jersey or the City to toss in more money to keep the building open. However, Revel also gave notice to all of their employees that they could be shutting their doors. While Casino owners are not always the friendliest folk, they are far from stupid and running the risk of losing lots of employees wouldn’t make much business sense if they didn’t think there was a legitimate reason. But then again, they also have a $2.4 billion building that’s worth about one tenth of the cost to build it.

Of course, what the building is worth is largely determined by what someone is willing to pay for it.  According to posts about this on sites like, https://www.slotsbaby.com/, last month’s bankruptcy filing in Camden, NJ, their second in less than 18 months, the casino is bleeding $2 million a week, or $285,714 per day.  Nevertheless, Atlantic City mayor, Don Guardian, recently announced that Revel is in talks with six different potential buyers.  The approximate sale price is around $200 million, but it is yet to be determined if that price will in fact yield a sale and some have valued the building at around $50 million.

Two other casinos in Atlantic City are also slated to close and I’m not sure if this is good news or bad news for Revel.  It could provide the opportunity to gain more share of the market, but it could also just mean that the competition from Philadelphia area casinos along with other factors are slowly melting Atlantic city away. I got so addicted to betting and gambling that I started betting online. Although I saw that they have new free bets so I think I’m going to check it out and see what’s new and what I can win.

With all this jabber about potential closings and things, I decided to take a trip to Revel a couple of weeks ago for a “last supper” of sorts.  I had not stayed at Revel since it opened so I was eager to find out what exactly all of our hard work had produced.  I was not disappointed.  Every room has a view of the ocean through an enormous glass wall and the finishes are all top notch.  There has been criticism about the design of the building and how there is a long walk from the parking area to the hotel lobby and casino floor.  Yes, it’s a long walk, but I didn’t find this to be very much of a problem and I think the $150 million in design changes and renovations that are required is a bit over stated.  Basically, the casino like https://www.bestuscasinos.org/real-money/ has everything including a pretty awesome pool and lots of Jose Garces restaurants.

Long story short, Revel needs to stay open, and, again, I think it will.

Of course, this post will be up for less than a month before the potential shut down of Revel Casino, so at that point, I guess I’ll either be a testament to the power of optimism or a testament to blog content being worth less than a plot of land in Atlantic City.  But either way, if you want to check out the Revel Casino, going sooner rather than later may be a descent bet.

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