For Its Poker Room, Revel Casino Knows When To Fold ‘Em
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By Justin Udo
ATLANTIC CITY, N.J. (CBS) — The financially struggling Revel Casino and Hotel in Atlantic City is closing down its poker room.
Casino officials say they are closing down the poker room in an effort to improve the casino’s overall operating performance.
Joseph Weinert, senior vice president of Spectrum Gaming Group and a casino industry-watcher, says the closure of Revel’s poker room may be just what that company needs to help its slumping figures.
“This may free up other resources for Revel to better attract other segments that are more profitable and more in line with the type of business that they are hoping to attract,” Weinert tells KYW Newsradio.
Revel says the first week in July was the first time in its history that it had a profitable week.
The casino filed for Chapter 11 bankruptcy earlier this year and changed its management team in May.
The poker room closure is set to take place in August.