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 debt load that is heaviest hovering at the $24 billion mark, buying and building new properties does not seem to become a problem for this casino conglomerate.
Lately, they are in talks with Japanese leaders to build a possible 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 they will have their eye on Atlantic City’s problem child casino, Revel.
Could Revel Stay 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 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 with this purchase; nor is it even 100 percent certain they shall even make a move to do this.
Other contenders are definitely into the mix; those include Orlando-based complex Rock International, who the ny Post last month reported as being in ‘advanced negotiations’ for the purchase. That was after a decision by Hard Rock to […]