Hail, Caesars Entertainment: the casino company may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest
We doubt that the Roman emperor himself kept his name center and front as well as Caesars Entertainment Corporation does today. And despite continuing to hold the gaming industry’s debt load that is heaviest hovering at the $24 billion mark, buying and building new properties does not appear to be always a problem because of this casino conglomerate.
Lately, they’ve been in talks with Japanese leaders to construct a possible new casino in Osaka just as gaming is legalized in Japan, and now the latest news, based on some insider reports, is the fact that they will have their attention on Atlantic City’s issue kid casino, Revel.
Could Revel Stay 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 beleaguered Atlantic City land gaming scene. Now anyone interested in snatching the casino up has under fourteen days to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk because of this purchase; nor is it even 100 percent specific they shall also move to do so.
Other contenders are definitely within the mix; those include Orlando-based complex Rock International, who the New York Post month that is last as being in ‘advanced negotiations’ for the purchase. That was after a Continue reading