They couldn’t get the $300M they were asking for, so Morgan Stanley are getting out of Atlantic City. The investment bigwigs had a $1.2B stake in the casino project being developed by Revel Entertainment Group, and expects to take a ‘substantial loss’ on the ill-fated venture. Seriously, it’s like Atlantic City is one of those horror movie houses where the walls say things to the residents, specifically, GET OUT. Read more.
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