Press Releases


Revel Entertainment Selects Tishman Construction as Construction Manager for Atlantic City Resort Development Project

- Plans for Beachfront Resort to Include Hotel, Gaming, Entertainment, Restaurant and Retail Components -

Atlantic City, NJ – April 24, 2007 – 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.

About Revel Entertainment
Revel Entertainment Group is a recently established gaming and entertainment company
formed by Kevin DeSanctis, its Chairman and Chief Executive Officer. Revel is developing a
beachfront casino entertainment resort in Atlantic City. Further information about Revel
Entertainment is available at

About Tishman Construction Corporation
Tishman Construction Corporation (TCC), the building arm of renowned New York headquartered owner/builder Tishman Realty & Construction Co., Inc., is a privately held Construction Manager, Owner's Representative, and Project Manager active nationwide. As one of the nation’s most active builders, TCC ranks #1 on New York Construction's Top Construction Managers list for the Tri-state Area, and #5 in the nation on Building Design & Construction's Top Construction Managers list.

TCC's current and recent projects include the new Freedom Tower at the World Trade Center and the new 7 World Trade Center in New York, Bank of America Tower at One Bryant Park in New York, Boyd Gaming’s Echelon Place in Las Vegas, the Borgata Hotel, Casino & Spa in Atlantic City, Reuters Americas Headquarters and Conde Nast Headquarters—both in Times Square, The Westin New York at Times Square, and Judy & Arthur Zankel Hall at Carnegie Hall.

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