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 today. And despite continuing to transport 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 issue for this casino conglomerate.
Lately, they are in talks with Japanese leaders to build a potential new casino in Osaka just as gaming is legalized in Japan, and now the latest news, according to some insider reports, is they’ve their attention on Atlantic City’s problem youngster casino, Revel.
Could Revel Be Next on Their List?
Revel officially went into bankruptcy straight 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 has under two weeks to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk because of this acquisition; neither is it even 100 percent particular they will also move to do so.
Other contenders are definitely in the mix; those include Orlando-based rough Rock Global, who the nyc Post last month reported as being in ‘advanced negotiations’ for the purchase. That was following a decision by Hard Roc Continue reading “Caesars Preps for Possible Revel-ation in Atlantic City”