![]() With its angular slanted roof and its giant white light-up ball atop the 47-story structure - the second-tallest in New Jersey at 710 feet - Revel is already an iconic presence in the nation's second-largest gambling market. Located at the extreme northern end of the Boardwalk, next to the Showboat Casino Hotel, Revel is the first casino to open since its main rival, the Borgata Hotel Casino & Spa, debuted in 2003. DeSanctis said much of the remaining financing the project obtained came from J.P. Original backer Morgan Stanley pulled out of the project and took a $1.2 billion loss on it. The project ran out of money during the recession, but resumed last year with the help of some state tax incentives. "Your ability to market this property and draw new people to come and experience what Atlantic City has to offer will play an enormous role in the future success of the gaming industry here." DeSanctis, and your team at Revel," she said. "We are placing a great deal of confidence in you, Mr. Linda Kassekert, chairwoman of the casino commission, said Revel will be the kind of game-changer in Atlantic City that the Borgata was in 2003. "We've convinced people for 30 years that if you're not a gambler, you can't come here," said Kevin DeSanctis, Revel's president and CEO.
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