The Epic Downfall Of The Casino That Was Supposed To Save Atlantic City

kjarrett via www.flickr.com creative commons

The $2.2 billion dollar Revel Casino was the most ambitious project in the history of Atlantic City. After a nearly 6 year saga of construction halts, union protests, government assistance, and other drama, it opened to great fanfare in May 2012.

It was supposed to revitalize the city and provide a resort like alternative to smoky, windowless casinos. It never delivered on that promise. It has yet to turn a profit and has been at or near the bottom of casino revenue in Atlantic City the whole time.

Now, less than a year after opening, Revel announced yesterday that it had entered a pre-arranged bankruptcy plan with its creditors, and that it will seek Chapter 11 protection in the coming weeks.

Former Business Insider reporter Simone Foxman was there to photograph the Revel as it started. Here's a look at how things have gone downhill.