The pols pushing the deal argue this is the one casino that will finally be a “game-changer,” the super-big, super-flashy attraction that will finally get tourists to see Atlantic City as a destination resort. The development group put together by Morgan-Stanley seeks more than $300 million in tax breaks to finish off that casino. If you can’t make money off gambling, then what’s the point?Īnd now the developers of the Revel want us to pony up just like the horse people do. These days, when the horse-racing crowd comes begging for a handout from the Legislature, I always think back to the good old days. Daley was giving us kids a short lesson in state finances and I recall being surprised to learn that betting on horse racing represented a major source of state revenue at the time. I was standing on the Atlantic City boardwalk Sunday looking at the gleaming glass tower that may - or may not - become the Revel Casino and thinking about something my high school history teacher told my class back in the 1960s. Mel Evans/The Associated Press The Revel Casino under construction in Atlantic City.

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