REVEL ENTERTAINMENT SECURES CAFRA PERMIT
FOR ITS ATLANTIC CITY RESORT DEVELOPMENT PROJECT

With Atlantic City Planning Board and CAFRA Approvals, Revel Commences Footing and Foundation Work

Atlantic City, NJ – November 19, 2007 – Revel Entertainment Group, LLC (“Revel” or the “Company”) announced today that it has secured a CAFRA (Coastal Area Facility Review Act) Permit for its beachfront casino entertainment resort on twenty acres of land along the Atlantic City boardwalk.  The New Jersey Department of Environmental Protection, Land Use Regulation Program requires that all major projects located in the Coastal Area secure a CAFRA Permit.

The CAFRA permit includes approvals for Revel’s planned facility which will include two hotel towers with approximately 1,900 rooms each, 150,000 square feet of casino space and 500,000 square feet of dining, retail and entertainment space including a 5,500 seat theater, an expansive health club and spa, meeting space and a one acre private beach.  The Company is in the process of determining whether both hotel towers will be completed in the first phase of construction.  Earlier this month Revel received preliminary site plan approval from the City of Atlantic City Planning Board including approvals for certain onsite circulation and other infrastructure improvements in connection with the project.

Commenting on the approval, Kevin DeSanctis, Chairman and Chief Executive Officer of Revel Entertainment, said, “Over the last year Revel has made significant progress in advancing its plan to develop a unique resort entertainment casino project.  We look forward to continuing our work with local and state authorities and gaming regulators as we commence footing and foundation work shortly to deliver new entertainment experiences for consumers when we open in 2010.”

The twenty acre Revel Entertainment development site is one of the largest, most uniform and contiguous 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.  Preliminary artist renderings of the facility's façade and grounds are available at www.revelentertainment.com (select “Media Room” then “Image Library”).

Revel Entertainment previously announced that Tishman Construction Corporation is serving as Construction Manager and that Arquitectonica has been named the design architect, BLT Architects has been named Executive Architect and Architect of Record and SOSH Architects has been named Associate Architect for the Company’s Atlantic City resort development project.

About Revel Entertainment
Revel Entertainment Group is a 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 www.revelentertainment.com.