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Deep Discount Lures Buyer for Revel Casino (Atlantic City, New Jersey)
ABC News / The Associated Press ^ | October 1, 2014 | Wayne Parry

Posted on 10/01/2014 9:42:54 PM PDT by 2ndDivisionVet

As one Atlantic City casino after another shut down and left thousands of workers jobless, Mayor Don Guardian insisted that the meltdown that claimed four of his city's 12 casinos since January was actually the opportunity of a lifetime for savvy investors.

On Wednesday, someone finally agreed.

A Canadian asset management company won a bankruptcy court auction for the failed Revel casino hotel and announced plans to re-open it as a casino....

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Local News
KEYWORDS: economy; gambling; gaming; newjersey

1 posted on 10/01/2014 9:42:54 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet
Commercial loans are refinanced every five years. They paid 110m so the debt will be a lot less.
2 posted on 10/01/2014 10:00:01 PM PDT by Domangart (Tho I walk Through the valley of Wall Mart, I fear no man.)
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To: 2ndDivisionVet
...Mayor Don Guardian...

Ironically named.

3 posted on 10/01/2014 10:30:08 PM PDT by OrangeHoof (Every time you say no to a liberal, you make the Baby Barack cry.)
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