Printed from BusinessInsurance.com

OFF BEAT: Lost loot sack adds insult to troubled casino's injury

Posted On: Aug. 21, 2014 12:00 AM CST

By all accounts, times are tough in the Atlantic City casino business, but it's even tougher when a casino loses a portion of its precious take from the roof of an armored car meant to carry the cash to safety.

According to reports, that's what happened to a bag containing nearly $21,000 from the soon-to-close Revel Atlantic City casino when the driver of a GardaWorld armored car left the bag on the roof of his truck as he pulled away following a morning cash collection Aug. 6.

Surveillance videos showed the bag atop the armored car roof as it pulled away from the Revel and again as it left a second casino following a subsequent pickup, reports said. It isn't known when the money bag fell off the truck's roof.

GardaWorld has indicated it's investigating the incident and cooperating with law enforcement investigations.

The lost loot sack represents just a fraction of the money the Revel has been losing lately. Opened in 2012, the hotel and casino is set to close Labor Day weekend because of financial problems.