Revel employees remove letters from a sign at Revel hotel-casino in Atlantic City, N.J. (AP Photo/The Press of Atlantic City, Michael Ein)
Atlantic City's Revel Casino Hotel was envisioned as a playground for Wall Streeters who hated flying to Las Vegas. Instead, it's become a money pit for the banks and money managers who spearheaded the New Jersey project, and the losses will keep coming even after its closure. The resort fell prey to poor timing, bad design and a misreading of the local market. [Full Story]
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