January. The future of revel is uncertain. Revel is in the middle of its second bankruptcy filing. Earlier it warned workers that it could close by the end of the summer if a buyer wasnt found. The ripple affect of the closing casinos is being felt across the resort town. Matt, what did the mayor have to say about the future of the gambling city . Reporter quite simply, he says the focus now really does have to shift away from just gaming toward other ways for this city to make money. As you can see behind me, there is still some construction out here. There is a lot more building. Is it really enough . I dont think theres a single casino in Atlantic City that thinks they can exist any more strictly as a casino. Reporter the mayor insists that should come as no surprise as gaming revenues continue to drop. But adds he feels sad for the 2,000 workers at showboat who will be out of a job. While we may lose casino jobs, we will gain the jobs not only constructionwise all around town in th
My wife working here and we have a 9yearold daughter. They are closing a profitable property. Its down sharply from last year. The revenue at all the revel casinos declined by 3 million. The competition has increased. A few casinos will close. This is the second one. I expect two more before we settle down. They are happy its revel and not us. We find out its them. Reporter the city is transforming to a nonegaming resort. They cannot work as casino. Reporter including the construction of a new Bass Pro Shop that could draw a Million People a year. Its about creating activities and events that draw people with different interests to Atlantic City so they have a chance to experience all it has to offer. Reporter caesars will have to showboat employees. And finding work for 21100 2100e is next to i a impossible. I am Nora Muchanic ar. Action news. Thank you. And they dropped their bid. The market potential in philadelphia is now less than it was when the Company First submitted its bid to
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