Revel finished ahead of the Atlantic Club, Resorts, Golden Nugget and Trump Plaza - all much smaller, and less leveraged properties than the $2.4 billion casino that is supposed to lead Atlantic City's transformation into a mecca for both gaming and nongaming attractions.
Revel CEO Kevin DeSanctis had likened the build up to the casino's Memorial Day grand opening as a Broadway show. If that's the case, then Revel has been a flop, according to analysts and about a half dozen gamblers interviewed last week about the property.
Revel had a history of financial problems before it was finally completed earlier this year.
Morgan Stanley originally owned the casino and invested $1.2 billion, starting in 2007. It sold the project, post-economic collapse, to the Revel group, led by DeSanctis, for essentially zero dollars and took a $1.2 billion loss. DeSanctis raised $1.2 billion early last year to finish it.
Of the $14.9 million, Revel made $9.9 million from slots and $5.0 million from table games in June. It ranked ninth in slots revenue and sixth in table games revenue.
Contact Suzette Parmley at 215-854-2594 or sparmley@phillynews.com.
