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$2.4B Revel casino to shut its doors Tuesday, just over 2 years after hopeful opening

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    A lone man is playing slots at Revel Casino Hotel Monday, Sept. 1, 2014, in Atlantic City, N.J. The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. (AP Photo/Mel Evans) (The Associated Press)

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    A sign is seen Monday, Sept. 1, 2014, next to lobby escalators saying Revel Casino Hotel in Atlantic City, N.J., will cease operations Sept. 6, 2014 at 6 a.m. The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. (AP Photo/Mel Evans) (The Associated Press)

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    A damaged letter "R" and a missing letter "E" are seen on The Boardwalk sign for the closing Revel Casino Hotel, Monday, Sept. 1, 2014, in Atlantic City, N.J. The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. (AP Photo/Mel Evans) (The Associated Press)

  • 3fdc63f912438410VgnVCM100000d7c1a8c0____-APTOPIX Revel Closing-4.jpg

    People walk on The Boardwalk past the closing Revel Casino Hotel, Monday, Sept. 1, 2014, in Atlantic City, N.J. The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. (AP Photo/Mel Evans) (The Associated Press)

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    Guests leave the lobby of Revel Casino Hotel in Atlantic City NJ on Monday, Sept 1, 2014, after it closed its hotel. Revel is one of three Atlantic City casinos that will have shut down in a two-week period ending Sept. 16. (AP Photo/Wayne Parry) (The Associated Press)

Little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market, Revel will close its doors Tuesday morning.

The 6 a.m. casino shutdown follows the closure of its hotel on Monday.

By mid-September, four of Atlantic City's 12 casinos will have gone out of business, but none will be a costlier failure than Revel.

It started construction just before the Great Recession hit, and had to take on so much debt it never could turn a profit.

The Showboat closed on Sunday, Trump Plaza is closing Sept. 16, and the Atlantic Club closed in January.

The consolidation is a reaction to the saturated northeastern U.S. casino market, which continues to add new gambling halls to markets without enough demand to support them all.