Revel Casino and HQ Nightclub to officially close on September 10th
After just two years of existence, Revel Casino will officially be shutting its doors in September. The $2.4 billion resort and home of HQ Nightclub is unable to find a buyer for even pennies on the dollar and will be putting 3,100 people out of work while making a significant dent in state and local budgets. Revel Entertainment has announced that the casino and resort will close on September 10th after never turning a profit. Revel still hopes to find a buyer through the bankruptcy process, and will most likely sell as a non-casino building.
Revel released the following statement earlier today:
“We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property. We thank them for their professionalism and dedication; however we are faced with several unavoidable circumstances. 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.”
Unfortunately for dance music fans, the casino’s popular AMG-operated HQ Nightclub will shut down as well.
Via: ABC News