Revel Approved For Casino License

Revel, the $2.4 billion Atlantic City casino resort that almost didn't get built, cleared its final major hurdle on Monday.

The New Jersey Casino Control Commission approved a casino license for the resort, which will become the city's 12th casino when it opens April 2.

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Revel is being counted on to help revive the struggling seaside gambling resort, which soon will be surpassed by Pennsylvania as the nation's second-largest gambling market after Las Vegas.

The project ran out of money during the recession, but resumed last year with the help of some state tax incentives. It will have nearly 1,900 hotel rooms and employ about 5,500 people.

The Associated Press contributed to this report.