Highly Ranked Atlantic City HQ Club Closing as Revel Casino Hotel Can't Find Buyer After Bankruptcy

The Revel Casino and Resort in Atlantic City, NJ will officially be closing its doors September 10. Owners had hoped to sell the casino and its properties to a buyer following Revel's second bout with bankruptcy since opening in 2012. The loss comes as a hit for both electronic music fans in New Jersey but also for visitors looking to visit the HQ Club, a venue that was ranked no. 91 in the world by DJMag.com and no. 1 in the state. The club doesn't have much chance of staying open if the hotel built on top of it is forced out of business.

Of course most of the tragedy here isn't the loss of a nightclub but rather the huge loss of jobs associated with the casino's closing. More than 3,100 individuals are out of employment due to the shut down.

"We regret the impact this decision has on our Revel employees who have worked so hard to maximize the potential of the property," the company said in a statement. "We thank them for their professionalism and dedication; however we are faced with several unavoidable circumstances. Despite the effort to improve the financial performance of Revel, it has not proven to be enough to put the property on a stable financial footing."

It's far too early to say but HQ could look switch venues if the Angel Management Group thinks it could turn a profit elsewhere in Atlantic City. The company also owns Hakkasan, a premier U.S. nightclub in Las Vegas, and knows a thing or two about running a successful venue.

Roadblocks to that idea are that Atlantic City as a whole is doing about as well as Revel did. Two other casinos, the Showboat and the Trump Plaza, are also shutting down in September due to drops in tourism. After the fall of Revel and HQ there might not be much incentive for big electronic dance promoters to come to the Jersey shore.