'Work on the interiors continues to be delayed,' says a Revel spokesperson.ĭeSanctis can't easily pull the plug, having already spent an estimated $1 billion. In early June the company finished the shell of a 7,800-car garage it completed 40 of 47 stories of a steel-and-glass tower (one of two proposed). Revel laid off 40% of its construction crew in January. In Atlantic City, always a tawdry stepsister to Las Vegas, gaming revenues for May came in at $350 million, a 15.4% drop from the same period a year ago, says the New Jersey Casino Control Commission. Grand development plans by MGM Mirage and Pinnacle Entertainment are now empty, weed-choked lots. Trump Entertainment Resorts and Tropicana Casino & Resort are in bankruptcy. What's changed? The near collapse of the gaming industry. Now you can't get DeSanctis to come to the phone. The chief exec of Revel Entertainment Group was promoting a $2 billion project to turn 20 beachfront acres into a luxury gaming parlor, 20 restaurants, 75,000 square feet of retail shops, 160,000 square feet of meeting space, three theaters and a wedding chapel. Not long ago you couldn't find a better booster of Atlantic City than Kevin DeSanctis, 56. Those plans were scrapped in favor of Revel Gaming's 'Revel'.

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