the-epic-downfall-of-the-casino-that-was-supposed-to-save-atlantic-city

Revel Casino can’t catch a break.

Revel Casino which is due to close in the coming weeks has had another stroke of bad luck, with the casino losing more than $20,000 in cash, reports the Press of Atlantic City.

Indeed, in early August, more than $20,000 cash was lost after an armoured vehicle that collected money from the casino left one of the bags containing money on its roof.

An investigation is now under way to find out exactly what happened to the money.

Just hours after the Garda World armoured car picked the cash up from the casino August 6, the casino was notified that just under $21,000 in cash was missing, according to the incident report.

The surveillance video shows that the truck left Revel with the bag of cash on the rear driver’s side roof of the truck at 10.51am – which was twenty minutes after the first bag was picked up, according to the report.

The money was still on the roof when the truck collected cash at Resorts Atlantic City, which is approximately six minutes away, according to the surveillance there.

The truck then drives away with the bag still on the roof, and it is unknown when the bag then fell off the roof.

revel

The inside of Revel.

The Boston-based company has now opened an investigation on the case, a Garda spokesman said.

Joe Gavaghan, director of corporate communications, said: “We are cooperating with the authorities in investigating this incident and cannot provide any additional details.”

A spokesperson for Revel said they could not comment on the case.

Last week, Two Little Fleas brought you the news that, Revel Casino, which opened just over two years ago, will close on September 10.

The $2.4 billion casino has never turned over a profit, and its closure will result in the loss of more than 3,100 jobs.

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The $2.4 billion casino.

Revel opened in April 2012 as the first new casino in Atlantic City since the Borgata opened nine years earlier. Many believed that, it would bring the casino market in Atlantic City back to life. The casino industry there has been in steep decline.

It was originally believed that its launch would turn around the crumbling gambling market in the seaside resort.

Since 2006, Atlantic City’s casino revenue has fallen from $5.2 billion to $2.86 billion in 2013.

Revel has consistently ranked as near the bottom in terms of the amount of money won by punters.

It was originally hoped to be a luxury resort with a casino, but the model has not been successful, and it filed for bankruptcy in 2013, just a little over a year after opening.

New ownership and a promotional campaign were not enough to save the casino, and it filed for bankruptcy a second time in June, warning that it would close if a suitable buyer could not be found in time.

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