Morgan Stanley lost $932M on NJ casino deal

Morgan Stanley today confirmed "a loss of $932 million on the planned disposition of Revel Entertainment Group, LLC," the failed Atlantic City casino a Morgan Stanley subsidiary tried to finance before the economy blew up in 2008. That's equal to six week's profits for the giant Wall Street investment and trading bank.

This and more in Morgan Stanley's profit statement here. Bloomberg tells a bit more about land acquisition and desperate last-ditch financing efforts here.

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