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Revel resort and casino atlantic city nj

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In 2010, global financial company Morgan Stanley, which owned 90 percent of Revel Entertainment Group, decided to discontinue construction and walk away from its $932 million investment, leaving the state of New Jersey to invest in the stalled project in exchange for 20 percent of the revenues. Unfortunately, the Revel fell into a slew of financial crises from the very beginning. 5. The Principle Owner Walked Away from its Investment

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