Deals
Caesars CEO Says No Qualified Bidders for Revel in Atlantic City
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Caesars Entertainment Corp. Chief Executive Officer Gary Loveman said no qualified bidders have emerged for the bankrupt Revel hotel and casino in Atlantic City, after an auction was postponed last week.
It “suggests that even at a de minimis price, people are finding it hard to imagine they can make money operating the Revel,” Loveman said on a conference call yesterday, without specifying where he got the information.