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 as well as Caesars Entertainment Corporation does today. 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 always a issue for this casino conglomerate.
Lately, they have 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, according to some insider reports, is the fact that they will have their eye on Atlantic City’s issue youngster casino, Revel.
Could Revel Be 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 Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up will have under fourteen days to submit a bid, and according to Bloomberg, Caesars is not a slam dunk for this purchase; neither is it even 100 percent particular they will even move to do so.
Other contenders are definitely into the mix; those include Orlando-based tough Rock Overseas, who the New York Post last thirty days reported as being in ‘advanced negotiations’ for the purchase. That was