Revel Entertainment Responds to Media Reports on Financing
ATLANTIC CITY, N.J.-(Business Wire)-September 10, 2009 - 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.
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