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Revel to get $1.7 billion from China State Construction
Thursday, September 10, 2009 at 1:06:42 PM
Sources confirm a Reuters News report that Revel Entertainment has signed a letter of intent with China State Construction for more than a billion dollars.
According to a filing made with the Shanghai Stock Exchange, China State Construction has signed a $1.7 billion agreement with property firm Tishman and Revel Entertainment to help build what will be Atlantic City's newest casino.
Revel's mega casino was supposed to open in 2010, but was delayed due to the credit markets and the economic downturn last year.
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