DeSanctis will form a company called Revel Entertainment. October 2006: Penn National Gaming COO Kevin DeSanctis, a Trump and Mohegan Sun casino alum, is tapped to helm the project, which may bear the Hard Rock brand. “We are believers in Atlantic City and that the paradigm is changing,” a Morgan Stanley executive declared. May 2006: Wall Street firm Morgan Stanley pays $74 million for 20 acres of land abutting Showboat and plans to add Atlantic City’s 13th casino.
