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Power to the former Revel casino is shut off

Posted on the 9th of April 2015

Power to the former Revel casino is shut off

Two days after being purchased by Glenn Straub, a Florida developer, all power to the former Revel casino has been shutdown. After ACR Energy and Straub failed to reach an agreement regarding the supply of power to the building, and in an attempt to recoup some of its own debts, and seek future payment assurances, ACR Energy has shut off all power to the building. However, according to engineering experts, a power shutdown, even for a brief period of time can cause serious damage because without air conditioning and ventilation, mold could easily overtake the building, which may result in sheet rock, floors and carpeting having to be replaced. Another problem is if a fire breaks out in the building, then without a water or electricity supply, fire fighters might have to climb the 47-story building on foot to fight the blaze and rescue people, which would be next to impossible. The Atlantic City Fire Department is aware of the situation, and is closely monitoring the building. Straub purchased the former $2.4 billion Revel casino for a mere $82 million after it failed to turn a profit during its two years of operation in Atlantic City.

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