Morgan Stanley, who is widely known for their large-scale investment banking around the world, is now poised to make a land purchase that many investors are suspecting will be used for a casino resort.  The purchase was for twenty acres of land immediately fronting a popular boardwalk of the South Inlet in New Jersey, US.  Although no exact figures were released on a possible selling price (the deal is still tentative at this point), it is speculated that a $1 billion budget to build a casino and resort competing with The Borgota is highly probable.

Adjacent to the Showboat in the South Inlet, the location serves as prime property for a gambling destination.  Not only are New Jersey natives known for their love of gambling (thank you Atlantic City), but are also known to frequent this particular area in high volume.

When approached with the news, Morgan Stanley said that all speculations are premature at this point.  Even the allegations that Hard Rock Hotel and Casino would be the chosen developer for the boardwalk site being sold by Pennsylvania developer Tom Scannapieco were denied.  It is certain, however, that Morgan Stanley is interested in purchasing the property, and that if carried out, would present an ideal location for entertainment activities.