Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest
We question that the Roman emperor himself kept his name center and front since well as Caesars Entertainment Corporation does these days. And despite continuing to transport the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties doesn’t appear to be a issue because of this casino conglomerate.
Lately, they have been in talks with Japanese leaders to construct a potential new casino in Osaka just as gaming is legalized in Japan, and now the news that is latest, based on some insider reports, is they have their attention on Atlantic City’s problem youngster casino, Revel.
Could Revel Become Next on Their List?
Revel officially went into bankruptcy right back in March 2013; not even 12 months into its once-gloriously touted entrance onto the Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up will have under a couple of weeks to submit a bid, and according to Bloomberg, Caesars is not a slam dunk for this purchase; nor is it even 100 percent particular they shall even take action to do so.
Other contenders are definitely within the mix; those include Orlando-based rough Rock Overseas, who the nyc Post month that is last as being in ‘advanced negotiations’ for the purchase. That was after Continue reading “Caesars Preps for Possible Revel-ation in Atlantic City”