A troubled Atlantic City casino’s luck may change with China financing CEO calls ‘very close’

Atlantic City casino CEO ‘close’ to China loan

ATLANTIC CITY, N.J. — It hasn’t even opened yet, but Revel seems to be the unluckiest casino on Earth.

After the economy tanked, its developers ran out of money, and interior construction slammed to a halt last year. That was six months after three key executives died in a plane crash.

Even the wind has targeted Revel, toppling a construction crane off its roof.

But Revel Entertainment’s luck may finally be changing.

CEO Kevin DeSanctis says the company is “very close” to a deal with China’s Export-Import Bank to provide the $1 billion needed to finish the project.

The possible loan was long-sought good news about a project seen as Atlantic City’s best bet to compete with new slots parlors in neighboring states.