The failure cuts the casino's lifeline-it had a slim chance of selling at a bankruptcy court auction-and also means the loss of more than 3,100 jobs.
The casino, which cost a whopping $2.6 billion to develop, became both New Jersey's second-tallest building and one that never turned a profit.
Ītlantic City went all-in on the Revel Casino, but the gamble has failed to pay off, company officials said Tuesday. This article is from the archive of our partner.
