Moody’s Investor Services, a Wall Street credit ratings firm, says the half-finished Revel casino project would boost Atlantic City’s gaming market, but also intensify competition for conventions, according to a report in The Press of Atlantic City.
The $2.8 billion Revel megaresort, which is currently seeking new financing for completion, is being built to accommodate large groups. The credit report noted that Revel’s success “could come at the expense of other properties.”
