Caesars could bid for Revel in Atlantic City, sources say

01/29/2014 | Bloomberg Businessweek

Caesars Entertainment Corp. could submit a bid for the Revel Casino in Atlantic City, N.J., sources say. Revel emerged from bankruptcy last year, but has struggled to find customers, as it lacks ties to a larger organization. Caesars Entertainment has a four-property portfolio in Atlantic City, purchased the Atlantic Club facility, and is building a convention center in the city as well. In December, it was reported that Hard Rock International is also interested in the property.

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