Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their newest acquisition
We doubt that the Roman emperor himself kept his name center and front because well as Caesars Entertainment Corporation does these days. And despite continuing to carry the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties does not appear to be a problem with this casino conglomerate.
Lately, they’ve been in talks with Japanese leaders to create a potential new casino in Osaka just as gaming is legalized in Japan, and now the news that is latest, in accordance with some insider reports, is the fact that they have their attention on Atlantic City’s issue youngster casino, Revel.
Could Revel Be Next on Their List?
Revel officially went into bankruptcy back in March 2013; not even 12 months into its once-gloriously touted entrance onto the beleaguered Atlantic City land video gaming scene. Now anyone interested in snatching the casino up will have under fourteen days to submit a bid, and according to Bloomberg, Caesars is not a slam dunk because of this purchase; neither is it even 100 % specific they will also make a move to do so.
Other contenders are definitely into the mix; those include Orlando-based intense Rock Overseas, who the nyc Post month that is last as being in ‘advanced negotiations’ for the purchase. That was after a decision Daha fazla hakkındaCaesars Preps for Possible Revel-ation in Atlantic City oku