The house does not always win in Atlantic City. In fact, a fourth casino in the gambling mecca is closing down this year.

Revel Casino and Hotel confirmed Tuesday that it's folding its cards next month, after less than two years in business. That means 3,100 employees will be out of work by Sept. 10.

The San Gabriel Mountains are a sight to behold, and the Revel Resorts is an ideal place from whence to enjoy the beauty that is LA. Enjoy your vacation like never before. Revel: Revel Casino, Atlantic City, NJ - See 770 traveler reviews, 94 candid photos, and great deals for Atlantic City, NJ, at Tripadvisor.

'We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property,' parent company Revel Entertainment Group said in a written statement.

Revel Casino Atlantic City Nj

1. The Revel Simply Failed to Pay Back What it Owed. Over the course of two unprofitable years, the.
2. It was formerly known as the Brighton Hotel & Casino. It consisted of a 21-story hotel tower with 532 rooms and a 5-story podium housing the 57,045 sq ft (5,299.7 m 2) casino and various other amenities. It was adjacent to Claridge Atlantic City and its parking garage was adjacent to the Madison Hotel.
3. Revel will be extending the date that guests can redeem chips and vouchers. After closure, any person holding Revel Casino chips, and valid slot vouchers may present those items for redemption at the Revel General Cashier Office until September 30, 2014 Monday thru Friday, from 9:00am to 5:00pm.

Revel, which has filed for bankruptcy protection twice, said it has tried and failed to sell the casino.

'While we continue to hope for a sale of Revel, in some form, through the pending bankruptcy process, Revel cannot avoid an orderly wind down of the business at this time,' said the company.

Revel is just the latest casino in Atlantic City, NJ, to go bust. Altogether, nearly 8,000 workers in the city's gambling industry will lose their jobs this year.

The Atlantic Club Casino Hotel shut down in January, putting 1,600 people out of work.

Latest News On Revel Casino

Showboat is closing on Aug. 31, which means 2,100 people will lose their jobs.

And the Trump Plaza Hotel and Casino, which employs 1,046 workers, plans to shut down in mid-September.

The boardwalk empire looks to be crumbling: Annual revenue for the city's casinos fell 6.2% last year to $2.9 billion.

But all is not lost for the gambling industry. Gamblers have been flocking to Las Vegas. MGM Resorts(MGM), owner of the Bellagio and MGM Grand, reported strong earnings, with hotel occupancy rates soaring to 96% even as they charge higher rates for rooms.