"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Thursday, September 9, 2010

Morgan Stanley bank backs out of Revel Casino in New Jersey (April 2010)

Morgan Stanley bank backs out of Revel Casino in New Jersey

April 2010:  "...[Morgan Stanley] says it will be selling its stake in Revel Entertainment Group LLC's Revel casino in Atlantic City, N.J. The investment bank, which had invested $1.2 billion into the project, says it will "take a substantial loss...Morgan Stanley will be getting cents on the dollar."

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