Tag: Hard Rock Revel Casino Atlantic City
Hard Rock in talks to buy Revel Casino in Atlantic City
December 22, 2013
New York Post – Hard Rock International is in deep talks to buy Atlantic City’s troubled Revel Casino, two sources close to the situation told The Post. The 20-month-old money-losing Revel, which has been through a Chapter 11 bankruptcy reorganization this year, said last month it had hired Moelis & Co. to explore strategic alternatives. It started looking for a buyer in June, The Post reported exclusively at the time. Orlando, Fla.-based Hard Rock, whose eight casinos contribute to total corporate revenue of roughly $4 billion, has been looking to establish an Atlantic City presence. In September 2012, it canceled…