Revel Casino Not Worth Cost Of Build, Union Says - FOX 13 News

Revel Casino Not Worth Cost Of Build, Union Says

Posted: Updated:
ATLANTIC CITY, N.J. -

Atlantic City's main casino union says the Revel is worth only a fraction of what it cost to build.

Local 54 of the "Unite Here" union says the casino is worth between $25 to $73 million but it cost $1.2 billion to originally construct.

The union says it has examined Revel's finances through publicly available documents. It projects Revel will not be profitable until 2024, and Local 54 has been locked in a dispute with the non-union Revel since before it opened.

There was no immediate comment from Revel.

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