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Caesars Preps for Possible Revel-ation in Atlantic City

jeudi, février 27th, 2020

Caesars Preps for Possible Revel-ation in Atlantic City

Hail, Caesars Entertainment: the casino company 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 debt load that is heaviest hovering at the $24 billion mark, buying and building new properties does not seem to be a issue because of 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, based on some insider reports, is the fact that they will have their attention on Atlantic City’s problem youngster casino, Revel.

Could Revel Become Next on Their List?

Revel officially went into bankruptcy back in March 2013; not even 12 months into its once-gloriously touted entrance onto the beleaguered Atlantic City land video gaming scene. Now anyone interested in snatching the casino up has under two weeks to submit a bid, and according to Bloomberg, Caesars is not a slam dunk with this purchase; neither is it even 100 percent certain they shall also take action to do so.

Other contenders are in the mix; those include Orlando-based intense Rock Global, who the ny Post last thirty days reported as being in ‘advanced negotiations’ for the purchase. That was after a decisi (suite…)