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Revel Entertainment names AC resort construction manager

ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- Revel Entertainment Group, LLC ("Revel" or the "Company") has named Tishman Construction Corporation ("TCC") as Construction Manager of the Company's resort development project on twenty acres of beachfront land along the famous Boardwalk in Atlantic City.

The twenty-acre Revel Entertainment development site is one of the largest, most uniform and contiguous beachfront properties in Atlantic City and is located at the northern end of the boardwalk bordered by Oriental, New Jersey and Metropolitan avenues. The site features over 1,000 feet of beach frontage.

Founded in 1898 and considered one of the world's most successful and innovative builders, Tishman Construction Corporation has been responsible for the construction of over 430 million square feet of all types of buildings. Tishman has extensive experience in managing the construction of premier resort destinations and luxury hotels, including the 600-acre Epcot Center in Walt Disney World, The St. Regis Hotel in New York, the Westin New York in Times Square, the Walt Disney World Swan and Dolphin Resorts in Florida, the Westin Rio Mar Beach Golf Resort & Spa in Puerto Rico, the Borgata Hotel, Casino & Spa in Atlantic City, and the current 76-acre mega-development called CityCenter for MGM MIRAGE in Las Vegas.

In addition, in Atlantic City Tishman oversaw construction of the new Convention Center, the renovation and restoration of the famed Boardwalk Hall, Harrah's Atlantic City marina expansion, and the Sheraton Convention Center Hotel.

Kevin DeSanctis, Chairman and Chief Executive Officer of Revel Entertainment, commented, "We are pleased to collaborate with Tishman for this project since their track record of success in New Jersey, as well as with large-scale destination projects in general, makes them the ideal choice to serve as construction manager for what is envisioned to be a complex, fully-integrated property. Tishman Construction shares our interest in building a project that will be a key contributor to Atlantic City's continued evolution as a world-class gaming destination through the use of a broad range of quality suppliers and vendors. We expect to announce preliminary details of the project's theme, size, construction timetable, budget, financing and strategic partners throughout 2007. We look forward to working with state and local authorities and gaming regulators on this project which will create jobs, tax revenues and other sustainable economic benefits for the region."

Tishman Construction Corporation Chairman and CEO, Daniel R. Tishman, added, "We are delighted to be engaged by Revel Entertainment to build its innovative resort in Atlantic City, and to continue to play a part in Atlantic City's growth as a multi-faceted destination. We look forward to working with Revel's management team, its architects, designers, and local officials to deliver this outstanding hotel/casino complex."

As Construction Manager, Tishman is committed to working with Revel in its efforts to assemble a diverse workforce of subcontractors, vendors and suppliers for the duration of the project's construction. Throughout the construction process of other major Atlantic City projects, Tishman has successfully implemented programs to include minority, women owned and disadvantaged business enterprises.

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