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

Architecture, East, Eavesdroplet
Wednesday, August 20, 2014
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THE REVEL CASINO. (COURTESY REVEL)

THE REVEL CASINO. (COURTESY REVEL)

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
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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.

PRODUCT> Boardwalk Bench Uses NY’s History To Fund Its Future

Product
Tuesday, November 13, 2012
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BoardwalkBench

Boardwalk Bench by Forms+Surfaces

For the Boardwalk Bench, the latest addition to its product line, Forms+Surfaces sourced 142-year-old reclaimed FSC-certified Cumaru hardwood from the original slats of the Atlantic City Boardwalk. The naturally oiled slats are arranged in an asymmetrical pattern to salvage as much wood as possible while trimming imperfections.

Right now all proceeds from the sales of the Boardwalk Bench go to the Red Cross for Sandy relief efforts. Read More

AN Video> Revel CEO DeSanctis Talks Change in Atlantic City

East
Tuesday, July 31, 2012
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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.

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