strictlyAP
strictlyAP
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Joined: Jun 20, 2012
August 11th, 2014 at 7:17:32 PM permalink
just saw a story on local news, that revel has no viable buyers and may not be able to find anyone able to sustain it as a casino
The bet will not be paid- not now not ever
FleaStiff
FleaStiff
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August 11th, 2014 at 7:23:48 PM permalink
Probably means someone wants an even lower price.
GWAE
GWAE
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Joined: Sep 20, 2013
August 11th, 2014 at 7:38:15 PM permalink
Quote: strictlyAP

just saw a story on local news, that revel has no viable buyers and may not be able to find anyone able to sustain it as a casino



do you read any other threads or just start new ones?

This has already been discussed on here.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
bobsims
bobsims
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August 12th, 2014 at 8:48:24 AM permalink
It will only re-open if the creditors can run it with positive EBITDA.
No one, and I mean no one, is going to pay millions and swallow that not even close to sustainable debt. Not in a market that is only going to further contract.
Wizard
Administrator
Wizard
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August 12th, 2014 at 8:55:41 AM permalink
Can we please stop starting new threads when there are already existing ones for a particular topic. I'm sure at least a dozen have been started in the last year about Revel, many about their financial problems.

In fact I'm going to close this thread and suggest that discussion move to one of these threads:

revel- no big shock

Atlantic City Open Forum. There is already discussion of the recent auction in this thread.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
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