Revel Entertainment Responds to Media Reports on Financing
* Reuters is not responsible for the content in this press release.
ATLANTIC CITY, N.J.--(Business Wire)--
Revel Entertainment Group, LLC ("the Company") today issued the following
statement in response to several recent media reports on the Company`s financing
activity. Revel Entertainment noted:
Media reports on an agreement being reached to finance the final construction of
the Company`s beachfront casino entertainment resort in Atlantic City contain
inaccurate information. Revel noted that China Construction Engineering Corp
(6061668.SS) made a required regulatory filing with the Shanghai Stock Exchange
outlining a potential construction management agreement between China
Construction Engineering Corp and Revel`s construction manager, Tishman
Construction Corporation of New Jersey, to complete construction of the Revel
project. China Construction Engineering Corp is not providing financing to Revel
as part of the agreement, and, as previously reported, Revel intends to seek
financing for the project in the fourth quarter of 2009.
About Revel Entertainment
Revel Entertainment Group is a gaming and entertainment company formed by Kevin
DeSanctis, its Chairman and Chief Executive Officer. Revel is developing a
beachfront casino entertainment resort in Atlantic City. Further information
about Revel Entertainment is available at www.revelentertainment.com.
For More Information:
Jaffoni & Collins Incorporated
Joseph Jaffoni, Richard Land
212-835-8500
revelentertainment@jcir.com
Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters