One Atlantic City resort is having big financial troubles and one of the world's premier nightclubs may face closure as a result. The Revel Casino, home to the well-regarded HQ Club, is facing a second round of bankruptcy but the city's mayor has revealed that six potential buyers have shown interest in purchasing the troubled property.
"No, I'm not happy that three casinos are closing," Don Guardian said at a press conference. "But I know that behind closed doors there are a half-dozen companies looking at the opportunity to purchase Revel."
As Guardian suggested, gambling in what was once a rival to Las Vegas for tourism dollars has seen significant drop-offs in recent years. Although the Showboat and Trump Plaza casinos are bracing to shut down during September, the case of Revel is particularly troubling to the city because it's also the newest casino in town. Revel was built during 2012 for $2.4 billion. Owners aren't quite ready to swallow that investment and the city isn't eager to see it fail. Still, Revel is now undergoing its second bankruptcy case already.
None of the potential buyers have been named as of yet.
Despite the obvious struggles financially, some services offered by the casino didn't struggle to gather positive attention. HQ brought in visitors and impressed those in the electronic music industry enough to earn a ranking of no. 91 in the annual DJ Mag "best clubs" list. This was HQ's debut on the chart and promoters hope to keep it there. The club is operated by the Angel Management Group, which also handles Hakkasan (no. 10 in the world), the showcase club in Las Vegas at the MGM Grand Casino and Resort.
The club is operating just fine...it just needs somewhere to live.
© 2024 MusicTimes.com All rights reserved. Do not reproduce without permission.
