Really expensive and worryingly empty.
That's what we thought about Atlantic City's Revel Casino Hotel when we visited on a recent Saturday afternoon. It's not a good combination.
Revel, which opened in 2012, has already entered and exited bankruptcy with a tremendous writedown and is now reportedly up for sale at a bargain price. It is "a magnificent failure that has obliterated at least $2 billion in investments," reports The Philadelphia Inquirer.
We photographed the beautiful interior of the casino while reflecting on how it and the rest of Atlantic City fell on hard times.
Pulling into the Revel Casino in Atlantic City, there is a lot of free parking, even for a Saturday afternoon in February.
The casino's troubles were obvious from early on, such as when Morgan Stanley wrote down a $932 million loss on the project in 2010, well before it opened in 2012.
The Revel lost more than $70 million during its first two fiscal quarters of 2012 and filed for Chapter 11 bankruptcy on February 19, 2013.
See the rest of the story at Business Insider