To finish Atlantic City casino
Revel Entertainment gets US$1 billion financing
2011-02-21
Reading time 17 seg
Governor Chris Christie has committed US$261 million in state tax credits to help Revel once it's open.
Revel was begun in 2007, before the national recession hit and credit markets dried up. It ran out of money in January 2009 and halted work with just the exterior nearing completion.
It will open in the summer of 2012 with 1,100 hotel rooms, and is likely to be Atlantic City's last mega-resort for some time.
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