Completed in 2012 at the cost of $2.4 billion, the resort-style casino went through two bankruptcies before closing and was sold in court to Polo North Country Club in 2015 for just $82 million. One of the most high-profile closures was the Revel, a two-acre property at 500 Boardwalk that’s the city’s tallest building and was its northernmost casino. Four casinos closed down in 2014 amid declining revenues, but signs of a rebirth have begun to show up around America’s Playground. There was perhaps no place in New Jersey that was more negatively impacted by the Great Recession than Atlantic City. Photo by Dough4872 via Wikimedia Commons. The former Revel Hotel and soon-to-be the Ocean Resort Casino, Atlantic City.
