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…)