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Revel Casino in Atlantic City to Close Next Month

Revel, the bankrupt Atlantic City casino, will close its doors next month after failing to find a qualified buyer, dealing the latest blow to the struggling New Jersey resort town.

The two-year-old facility, built for $2.6 billion, was once owned by Morgan Stanley. Atlantic City’s first new casino since 2003, it was taken over by creditors last year and filed for bankruptcy a second time in June. It will be shuttered no later than Sept. 10, Revel AC Inc. said in a statement today.