The Most Ambitious Project In Atlantic City History Is Going To Close Down
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Revel, the most expensive casino in Atlantic City history, will shut down Sept. 10 after no qualified bidders emerged to bail out the project.
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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.
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