Hail, Caesars Entertainment: the casino company may or may not be eyeing Atlantic City’s Revel as their newest acquisition
We doubt that the Roman emperor himself kept his name front and center because well as Caesars Entertainment Corporation does today. 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 doesn’t seem to be always a problem with this casino conglomerate.
Lately, they’ve been in talks with Japanese leaders to build a potential new casino in Osaka just as gaming is legalized in Japan, and now the news that is latest, according to some insider reports, is that they will have their attention on Atlantic City’s problem child casino, Revel.
Could Revel Stay Next on Their List?
Revel formally went into bankruptcy straight 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 isn’t a slam dunk because of this acquisition; nor is it even 100 % particular they shall even take action to do so.
Other contenders are definitely in the mix; those include Orlando-based Hard Rock Global, who the ny Post last thirty days reported as being in ‘advanced negotiations’ for the purchase. That was after a decision by Ha Read more