But it acknowledged that if that happened, it would be after the facility had already shut down. Revel said it still hopes to find a buyer through the bankruptcy process. The company said it cannot avoid “an orderly wind-down of the business at this time.” It also said challenges arose in attempts to sell Revel. The company said its situation was compounded by a “considerable non-controllable expense structure” that financially burdened the property. “Despite the effort to improve the financial performance of Revel, it has not proven to be enough to put the property on a stable financial footing,” the company wrote. “We thank them for their professionalism and dedication however we are faced with several unavoidable circumstances. “We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property,” Revel said in a statement Tuesday morning. The closure will mean the loss of more than 3,100 jobs. The company said the $2.4 billion casino will close on Sept. Revel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday. (AP Photo/Wayne Parry, File)ĪTLANTIC CITY - Atlantic City’s newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort’s gambling market. Atlantic City's Revel Casino Hotel will shut down in September 2014, after failing to find a buyer in bankruptcy court, company officials announced Tuesday, Aug. FILE - In this May 30, 2014, file photo, the Revel Casino Hotel in Atlantic City, N.J.

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