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Summary Box: Revel, Atlantic City's newest bet

Associated Press
In this March 28, 2012, photo, craps dealers handle bets for customers at Revel, the Atlantic City N.J., casino that had its first invitation-only test night on March 28. The $2.4 billion resort opens its doors to the public on Monday, April 2. (AP Photo/Wayne Parry)

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NEW CASINO: Atlantic City's $2.4 billion Revel casino resort opened at sunrise Monday with a blueberry smoothie toast and a rush of eager gamblers.

THE BET: Revel is marketing itself as a lifestyle resort that just happens to offer gambling, in line with a global trend. When the project ran out of money during the recession and construction halted, Morgan Stanley backed out at a $1.2 billion loss. It took state tax incentives to finish the casino.

FIRST IN WINS BIG: Jerry Colonna of Mount Laurel, N.J., the casino's first customer, won $1,500 within 10 minutes. His appraisal? "This is going to turn Atlantic City around. That's obvious."

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