How the bankrupt $2.4 billion Revel Casino lost another $21,000

Architecture, East, Eavesdroplet
Wednesday, August 20, 2014


News recently broke that the $2.4 billion Revel Casino in Atlantic city would be closing just two-and-a-half years after it opened. It’s been a rough week for the casino and a new report from the Press of Atlantic City manages to make things even worse. According to the publication, earlier this month, when armored cars were removing cash from the casino, a bag containing $21,000 in currency was left on top of one of the vehicles. When the car drove off, the bag (obviously) fell off, and nobody has seen it since. Crunching the numbers, that puts Revel back approximately $2,400,021,000—which equals a ton of money.

Was The Revel Casino’s Design Its Fatal Flaw?

Development, East, News, Newsletter
Monday, August 18, 2014
The Revel Casino. (Courtesy Revel)

The Revel Casino. (Courtesy Revel)

Two years ago, AN visited the newly-opened Revel Casino in Atlantic City. At the time, the glassy $2.4 billion complex, designed by Arquitectonica and BLT Architects, was expected to be a transformative property for the iconic boardwalk that offered gambling, convention space, and entertainment. “It’s more of an urban development plan than a typical casino plan,” Revel CEO Kevin DeSanctis told AN. “I am really hoping that we are successful.” In mid-August, we learned that they were not. In its short two-and-a-half year lifespan, the casino never turned a profit.

Continue reading after the jump.

AN Video> Revel CEO DeSanctis Talks Change in Atlantic City

Architecture, Development, East
Tuesday, July 31, 2012

The new Revel casino in Atlantic City may prove to be an influential model, merging entertainment with gambling and convention center facilities. Bellied up against the Atlantic City boardwalk, Revel’s designers—Arquitectonica with BLT Architects—paid special attention to how the facility interacts with its surroundings. Revel features acres of interior spaces designed by more than 65 design firms showcasing a dizzying array of finishes, from polished chrome columns to a 100-foot gold-flecked mobile.

AN recently visited the oceanside casino and spoke with Revel CEO Kevin DeSanctis about what makes the building different from other casinos and why Atlantic City needs the change.

On View> Unnatural Spaces: The Photography of Richard Barnes

Tuesday, October 11, 2011
"Revel Casino Construction" from Atlantic City. (Courtesy OSK Studio)

"Revel Casino Construction" from Atlantic City. (Courtesy OSK Studio)

The Julius Shulman Institute at Woodbury
7500 N Glenoaks Blvd.
Burbank, CA
Through October 22

In Unnatural Spaces, co-curators Emily Bills and Eve Schillo present the featured work of photographer Richard Barnes at the Julius Shulman Institute at the Woodbury University School of Architecture. Showcasing highlighted works from his Unabomber (1999) and Animal Logic (2009) series, the exhibit suggests that architecture is both a willing participant in, and also an unknowing target of, presentation. The show encompasses commissioned works of Barnes ranging globally from Los Angeles to Kazakhstan, and new work such as “Revel Casino Construction,” from Atlantic City (above). Barnes is a Rome Prize recipient for photography and was featured in the 2006 Whitney Biennial for his work documenting the cabin of Ted Kaczyinski. The venue, the Julius Shulman Institute, was established as a cultural destination dedicated to the promotion of photography and understanding the built environment.

More photos after the jump.

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