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Old Posted Aug 31, 2007, 11:25 AM
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ATLANTIC CITY, NJ | Revel Casino | 710 feet| 47 Floors

Morgan Stanley plans Atlantic City mega-casino

August 31st 2007

For years, people have gambled on Morgan Stanley. Now, they'll be able to gamble with Morgan Stanley in Atlantic City.

After months of speculation, the investment giant announced plans to build a $2 billion mega-casino on 20 acres north of the Showboat. When finished, it will be the tallest building on the Boardwalk.

Plans now call for two 48-story towers, each with 1,900 rooms. But Kevin DeSanctos, head of Revel Entertainment, the company set up to build and run the casino, says "whether it will be one tower or two will depend on our needs."

"We will start pile drivings in November," DeSanctis tells the Daily News.
"Our intention is to open in 2011 and become a destination resort where people not only stay overnight but remain for two, three, four days and even longer. We're seeking a fairly broad customer base. We want to offer a great product at an affordable price."

The new resort hasn't been named, but plans include:

168,610 square feet of gaming space.

500,000 square feet of entertainment and retail space.

A 5,500-seat theater.

Atlantic City's first casino wedding chapel.

"We're right there on the beach, so we think this is a place where a lot of folks will like to come and get married," said DeSanctis.
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.