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As expected, Revel Casino Hotel will close next month, making it the fourth gaming hall in Atlantic City to announce a closure this year.
In a statement released Tuesday morning, Revel AC, Inc. said that the casino will be closing Sept. 10 as a prospective buyer was not found.
Over 3,000 jobs will be lost when Revel closes its doors for good.
The Associated Press noted that the $2.4 billion casino opened just two years ago and has never turned a profit. Furthermore, it ranks near the bottom of gaming halls in the city where gamblers have won the most money.
Atlantic City has been shrinking rapidly over the past few years as regional casinos have been popping all over and the economy has been unstable.
In January, Atlantic Club Casino Hotel closed down after 33 years in operation. And in June, Showboat Atlantic City announced that it will close on Aug. 31.
Trump Plaza is also expected to close down in September. If it does the town dubbed as “America’s Playground,” will only have eight casinos left.