APNewsBreak: Wynn not interested in Atlantic City’s Revel casino _ or anything else there
By Wayne Parry, APFriday, April 9, 2010
APNewsBreak: Wynn not interested in Revel casino
ATLANTIC CITY, N.J. — Las Vegas casino mogul Steve Wynn says he’s not interested in the stalled Revel casino project in Atlantic City — or anything else there, either.
Wynn stunned Philadelphia this week by pulling out of a deal to build a casino on the Delaware River. That immediately touched off speculation that he was instead interested in Revel, which Wall Street giant Morgan Stanley abandoned last week.
But Wynn spokeswoman Jennifer Dunne says Wynn is not interested in Revel, or any other project in the nation’s second-largest gambling market.
Morgan Stanley owns more than 94 percent of the half-finished Revel, and is prepared to take “a substantial loss” on a project into which it has already sunk $1.2 billion.
