Revel Wins License For $2.4B Atlantic City Casino Resort

Law360, New York (March 26, 2012, 8:29 PM EDT) -- A New Jersey casino regulator on Monday voted to license Revel Entertainment Group LLC one week before its $2.4 billion casino hotel opens in Atlantic City and about two years after Morgan Stanley decided to bail on the project.

State Casino Control Commission Chair Linda M. Kassekert called the 47-story, 6.2 million square foot entertainment resort “a game changer.”

Gov. Chris Christie and other state officials have backed the project — located on a 20-acre site with 1,000 feet of boardwalk frontage — as part of...
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