Having casinos spread out is the key to keeping them going and maximizing profits. Once the legislation passed in Pennsylvania to allow casinos to operate it was the beginning of the end for a bunch of NJ casinos. People would rather drive 5-30 minutes to the nearest casino than several hours from PA to NJ to gamble. They then also save money they'd have to spend on hotel rooms. I live in PA and have 5 casinos within 45 minutes of my house (4 in PA, 1 in DE) and a 6th about an hour away. Why would I want to travel to scummy atlantic city to gamble when I can just go somewhere local?

I've never been to revel but i've heard it was just too costly for people to want to go. For example, if you wanted to go to any of the night clubs in the casino, you could expect to pay $8-12 for a bud light and around $15 for mixed drinks. That's an ambitious markup, even for the night club industry.

AC thrived on neighboring states have all that morale crusade and fear mongering type stuff that kept casino competition away for years.

Now that the state laws have started to open up a little bit to allow casinos in some of the neighboring states, it's really inevitable that AC will have to retool. It will likely always be able to "get more than it should" due to being a destination casino location for so long, but it certainly has peaked in popularity and they need to face reality and adjust to those prospects instead of trying to fight it by using taxpayer dollars to prop up an unsustainable amount of heavy casino investment.

Just wait until NY starts breaking ground on their casinos. Might only have the Borgata left in Atlantic City.

Jersey is gonna abandon Ac and start a new gambling Mecca by the meadowlands. Once this happens, Aquaduct and empire city will go full blown gambling

caesars will probably stay too. the place is more crowded than borgata and regularly has higher table limits

Chris Christie finally makes a statement. He will be conducting an Atlantic City Summit to discuss the problems on September 8th. Why not tomorrow Governor Christie?

http://www.nbc40.net/story/26273521/...allenges-in-ac

Why not step all the way in like when you pushed hard to complete the Revel? Why not get involved in the Last Hour Negotiations for your project?

http://www.nbc40.net/story/26272477/...ential-bidders

This looks like it is skewing toward a Non-Casino use for the property, whatever that may be. A State Run Home for the Aged? A State Run Facility for all the Transient Employees that are losing their jobs, and won't be able to keep their homes because AC is upping the Real Estate Tax by 29%?

One word comes to mind when I think about Revel: Hubris

Borgata and Parx are the only two places that matter for poker in the area for now.

Well AC has been a horrible place for quite some time. The casinos were not putting enough back into the community and now they are feeling the effects of their actions. Once other states started opening casinos the city had nothing to offer. It is not a resort town by far. It should have been attracted that way. Then with the city tax increase it will only result in people leaving the city. It will get worst before it gets better. The mayor is a moron in not understanding that the tax base is not there to increase taxes like that. Especially the way that tax plan was implemented.

its a shame that area continues to die more and more each passing year, save for borgata

One of my very first live cash game experiences came from AC, at the now defunct Resorts. IMO, it was actually really fun playing in a room that was kinda secluded from rest of casino, a club like atmosphere, away from slot machines and nightclub like traffic/loud music you get from most Vegas rooms

Plenty of HDTVs around but not so much that it felt like it took away from the games

Like every monopoly business, they got lazy.

They didn't have to care about the surrounding area.

Where else are you going to gamble? Well, now there is a choice.

Reminds a lot of Blackberry. And once you completely realize you have been overtaken, it is too late.

Revel thought they could make it on nightclubs, food and beverage alone. Guys with girlfriends wearing thigh high dresses and stiletto heels don't dump a dime into slots or the pits. At some point you have to realize your a casino and not Studio 54. In the middle of week in the Winter those people aren't even coming into your nightclub. Degens are what put dollars into your pocket. Go to Resorts World at Aqueduct in New York City. People pouring money into slots and the Asian clientele playing electronic baccarat and roulette for huge money.

Its also not just the drive. AC tolls sucked. Now you don't have to pay them. Now you don't have to pay $500 for a Saturday night hotel room. Etc.

"Scummy AC" this is the other thing. They never siphoned the money from the casinos into making the city a destination. Its a ghetto 1 block away from the casinos. There is some dumpy bathroom and a few fixed boards on the boardwalk which is a joke. Where did the money go?

Its not just that they buried their heads in the sand. They willfully killed the goose that laid the golden egg. If AC had really been built up they could have held on but now its too late. I was telling some buddies the other weekend that by Aug 23, no one in DC will have any reason to go to AC when there is a Horseshoe casino in Baltimore and 2016 there will be one at the national harbor.

Happy Labor Day. The party's over Revel.

http://6abc.com/business/revel-casin...lanned/254056/

That end of the Boardwalk goes dark on September 2nd. Showboat on August 31st.

Is this place just going to grow cobwebs?

Sent from my XT1080 using 2+2 Forums

Well this is not great news for the city. Personally I am glad I don't live in that city. They will probably raise taxes again because of the lose of revenue from the casino closing. The politicians don't know how to control spending so the tax payers got to pay more money. Problem is they don't have more money to give.

What do they spend the tax money on? The town is dump outside of the immediate vicinity of the casinos and those expensive outlets.

I still think there's hope for Revel being acquired. I have read that Morgan Stanley has already written off the $1B financing they provided Revel. I think technically anyone could scoop in and buy the place after Revel closes without worrying about Revel's massive debt. If someone with a better understanding could chime in, I would appreciate it.

You'd think they could at least convert the hotel into affordable low-income housing or something. Letting it just sit empty seems ridiculous.

I think the biggest problem is what can be done with the place. Any company or individuals that would like to buy the building need to see potential for profit. If it gets sold it will be for a huge discount. But will it be a casino again?

I personally think AC is not a good location for casinos at this moment. The reason being all the competition in surrounding states. Plus the location of AC is not the best in relation to the competition. However, if they put casinos in the meadowlands, I think they would do very well. But if they had to give back to AC that might not be a good situation.

Sorry to hear about revel but I mean whoever designed that casino must have been on angel dust

How can there be so much empty space in one casino really confused the **** out of me the first time I went there.
The walk from the room to the casino was so long.

I've only seen pictures of Revel but it looks like a huge eyesore. Just looking at it from the outside I would have no desire to go in there.

AC reminded me of Biff's Casino from Back to the Future 2. Casino in the middle of a hellhole.

City blew an amazing opportunity. Declining taxes will make this an even sadder place.

$20k bag of cash from Revel falls off armored truck:
http://www.pressofatlanticcity.com/n...tml?mode=story

Somebody has to get paid before they close lol.

I was listening to the Yankees postgame show on the radio today and they announced a couple of times that it was the postgame show sponsored by Revel Casino and Hotel. Will be amusing if they keep announcing this after it closes down.