ATLANTIC CITY, N.J. -

Atlantic City's newest casino and its costliest failure has begun its two-day shutdown.

The $2.4 billion Revel Casino resort closed its hotel at 11 a.m. Monday. The casino will close at 6 a.m. Tuesday.

Revel is one of three Atlantic City casinos closing down over the next two weeks.

The Showboat shut its doors Sunday, and Trump Plaza will do so Sept. 16.

Hotel guest Andrew Tannenbaum of Edison said he loved Revel, but management went overboard with lavish spending and high prices.

Atlantic City started the year with 12 casinos. By mid-September, it will have eight, and 8,000 workers will have lost their jobs.

The city's woes were brought on by ever-increasing competition from casinos in nearby states in the saturated Northeast gambling market.