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Caesars Preps for Possible Revel-ation in Atlantic City

Thursday, February 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 newest acquisition

We doubt that the Roman emperor himself kept his name front and center since well as Caesars Entertainment Corporation does these days. And despite continuing to carry the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties does not appear to become a issue for this casino conglomerate.

Lately, they have been in talks with Japanese leaders to build a potential new casino in Osaka just as video gaming is legalized in Japan, and now the latest news, according to some insider reports, is that they’ve their attention on Atlantic City’s problem kid casino, Revel.

Could Revel Stay Next on Their List?

Revel formally went into bankruptcy straight 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 fourteen days to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk because of this acquisition; neither is it even 100 percent particular they shall even move to do so.

Other contenders are into the mix; those include Orlando-based tricky Rock Global, who the ny Post last thirty days reported as being in ‘advanced negotiations’ for the purchase. That was following a decision by Hard Rock to sc (more…)