Caesars Preps for Possible Revel-ation in Atlantic City

Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their newest acquisition
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 carry the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties does not appear to be a problem because of this casino conglomerate.
Lately, they are 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, according to some insider reports, is they’ve their eye on Atlantic City’s problem 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 two weeks to submit a bid, and according to Bloomberg, Caesars is not a slam dunk for this purchase; nor is it even 100 % particular they shall also take action to take action.
Other contenders are within the mix; those include Orlando-based Hard 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 scrap plans to build their casin