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The Most Ambitious Project In Atlantic City History Is Going To Close Down

Rob WileAug 12, 2014, 18:43 IST

Revel, the most expensive casino in Atlantic City history, will shut down Sept. 10 after no qualified bidders emerged to bail out the project.

CBS' Jeff Kolakowski reports over 3,200 workers' jobs will be affected.

Earlier this summer, the resort filed for bankruptcy for the second time in two years, listing liabilities of between $500 million and $1 billion.

The development posted an operating loss of $21.7 million in the first quarter of 2014.