Caesars Preps for Possible Revel-ation in Atlantic City

Caesars Preps for Possible Revel-ation in Atlantic City

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 because well as Caesars Entertainment Corporation does today. And despite continuing to hold the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties doesn’t appear to be always a problem with this casino conglomerate.

Lately, they’ve been in talks with Japanese leaders to build a possible new casino in Osaka just as video gaming is legalized in Japan, and now the news that is latest, based on some insider reports, is they will have their eye on Atlantic City’s issue kid casino, Revel.

Could Revel Stay Next on Their List?

Revel formally 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 has under fourteen days to submit a bid, and according to Bloomberg, Caesars isn’t a slam dunk for this purchase; neither is it even 100 % specific they will also make a move to do so.

Other contenders are 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 after a decision by Hard Rock to scrap plans to build the (more…)

Size Matters for Delaware Online Gambling Profits

Size Matters for Delaware Online Gambling Profits

Delaware’s under-a-million populace base just isn’t helping the state’s first few months of online gambling revenues

Regarding advocating for online gambling, there’s one argument that sways states more than other things: income. After hearing about how much money is possibly around, everyone wants a piece of the on line gambling revenue cake. However in the situation of Delaware, it seems as though the state will have to settle for the crumbs that are few.

Despite hopes that online gambling might help struggling Delaware land casinos fend off competition from neighboring states, it turns out that the Web games have not generated much interest so far here. During the period of and December 2013, the sites raised just $253,000 far short of the goals that state and casino officials had set for Delaware’s online gambling projections november.

Few Accounts, Fewer Players

Being such a little state with a population of under one million, few expected Delaware to break the financial institution when it came to their online sites. But therefore far, only about 4,000 accounts have been exposed on the casino’s internet sites. The liquidity issue is most apparent when it comes to poker games: according to figures by PokerScout, the Delaware Poker web site is just averaging about 20 players for real money cash games over the week that is past. Even at peak hours, the site seldom has significantly more than 50 players part that is tak (more…)