The most spectacular and costly failure in Atlantic City’s 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel emptied its hotel.
Its casino will close early Tuesday morning.
Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City’s struggling gambling market. 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. It has never turned a profit.
“It’s kind of sad,” said Andrew Tannenbaum of Edison, N.J., who has stayed at Revel a dozen times. “Compared to other casinos, this was a lot nicer. There wasn’t the riffraff here. But I think they overspent, went overboard and got in over their heads.”
Revel will be the second of three Atlantic City casinos to close in a two-week span. The Showboat closed its doors Sunday, and Trump Plaza is closing Sept. 16.
Revel ran out of money halfway through construction and had to drop its plans for a second hotel tower while scrambling for the $1 billion or so it needed to finish the project. When it opened in April 2012, it was so laden with debt that it couldn’t bring in enough revenue to cover it.
— Associated Press
Shooting mars West Indian Day Parade in Brooklyn: Colorful floats, elaborate costumes, politicians and merrymakers filled Brooklyn’s streets Monday for the annual West Indian Day Parade, a massive Caribbean celebration that was marred by a fatal shooting nearby before the official festivities got underway.
The annual parade — which draws about 1 million people — features loud music and louder costumes. Many revelers dance their way through much of the
2-mile-long route, which winds through some of the city’s most diverse neighborhoods and draws scores of politicians eager for a big statement just a week before primary day.
But the march often kicks off under a shadow of violence, and this year’s was no different. Hours before the parade stepped off, a recent parolee opened fire on a crowd partaking in pre-dawn festivities not far from the parade site, police Commissioner William Bratton said. A 55-year-old man was killed and two other people were wounded, and the suspect was taken into custody.
Bratton said more than 4,000 police officers were deployed along the parade route, including dozens of undercover officers mingling with partygoers, and several police helicopters thundered above the festivities.
6 dead after car slams into tree in Texas: A speeding car slammed into a tree after losing control along a Dallas roadway, killing all six people inside, police said. According to Dallas police officer Monica Cordova, the victims were two teenage boys, two men and two women, ranging in age from 15 to 23. Cordova said speed was a factor in the Sunday-night crash, but not alcohol. The 20-year-old driver lost control as the road curved when the back passenger-side tire of the Chevrolet Impala hit a curb, Cordova said. The vehicle slid across three lanes before hitting a tree in the median.
Virginia toddler, left in a van, dies: A 2-year-old girl died after being left in a van in Roanoke for an extended period of time, police said. Authorities received a report of an unresponsive child at 4:27 p.m. Sunday, police spokesman Scott Leamon said in a news release. Emergency responders pronounced the girl dead at the scene. Leamon said a preliminary investigation indicates that a parent accidentally left the girl in a car seat in the van, which was parked at a residence.
Victims of plane crash identified: Four of the five people killed in a small-plane crash north of Denver were identified as a woman and her three children. The Weld County coroner said Tori Rains-Wedan, 41, and her three sons, Mason Wedan, 15, and 11-year-old twins Austin and Hunter, died in the crash Sunday, the Boulder Daily Camera reported. Officials haven’t named the pilot of the Piper PA-46 who also died when the plane crashed in a field near the Erie Municipal Airport, about 20 miles north of Denver.
— From news services