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 front side and center since 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 for this casino conglomerate.
Lately, they are in talks with Japanese leaders to construct a potential new casino in Osaka just as video gaming is legalized in Japan, and now the latest news, based on some insider reports, is that they will have their attention on Atlantic City’s issue youngster casino, Revel.
Could Revel Be 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 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 just isn’t a slam dunk with this acquisition; nor is it even 100 percent certain they shall even take action to do so.
Other contenders are in the mix; those include Orlando-based complex Rock Overseas, who the ny Post last month reported as being in ‘advanced negotiations’ for the purchase. That was after a decision by Hard Rock to scrap more “Caesars Preps for Possible Revel-ation in Atlantic City”