Revel CEO to bid on Morgan Stanley stake

05/21/2010 | Reuters

Kevin DeSanctis, the CEO of Revel, plans to bid on the unfinished casino in Atlantic City. "I'm probably in a better position than anyone to understand the project at this point, having worked on it for the last 3 1/2 years," DeSanctis said. Revel investor Morgan Stanley intends to sell its $1.2 billion stake in the $2 billion project.

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