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Revel Casino Sold For 110 Million
Thursday October 2,2014 : REVEL ATLANTIC CITY SOLD FOR DISCOUNTED $110 MILLION
Plans to re-open casino
The $2.4 Billion Revel Casino in Atlantic City was sold to Brookfield Asset Management at auction for $110 million earlier this week.
“It’s an opportunity to acquire the newest and highest-quality asset in Atlantic City at an attractive basis,” said Richard B. Clark, chief executive of Brookfield Property Partners, an affiliate of the buyer. “We’ll be in discussion with all the parties and partners involved to formulate a feasible plan that ensures the long-term viability of the property as a resort destination.”
Brookfield's casino portfolio comprises the Hard Rock Hotel & Casino in Las Vegas and Atlantis Paradise Island in the Bahamas. The company expects to revive the Revel given the "bargain-basement" price it paid.
“We assume that they are planning to hire back all of the people who worked at Revel previously,” commented Bob McDevitt, president of Unite-Here Local 54, which represents workers in the casino industry. “We’re hopeful that this is a positive step forward, not just for Revel, but for all of Atlantic City.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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