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Revel: Potential Buyers Would Still Run Casino

Caesars to Close Harrah?s Casino in Mississippi

Caesars185 Caesars to Close Harrah Those actions included a march on the casino and an appearance before the New Jersey State Investment Council asking it to press an investment fund that is Revel's largest owner to protect workers' jobs. The state plans to give Chatham Asset Management $300 million in state pension funds to invest in other companies. The $2.4 billion casino filed for bankruptcy last year, less than a year after opening. It has remained near the bottom of Atlantic City's 11 casinos in terms of the amount of money won from gamblers.
For the original version including any supplementary images or video, visit http://www.timesunion.com/news/article/Revel-Potential-buyers-would-still-run-casino-5354003.php

As of now, the Clean Indoor Air Regulation exempts Wheeling Island Hotel Casino, video gambling parlors, and gaming parlors inside of bars. But, as smoking bans are being examined in Hancock County and Pennsylvania, Dr. William Mercer with the board of health believes the exemption should be lifted and smoking should be banned indoors. He said, "Our philosophy, or my philosophy, is we make sure your water is safe and your food is safe, we want to make sure the air that you breath is safe. So it's really not an owner's final decision, if they've got employees working there that are pregnant, they really shouldn't be exposed to second hand smoke." The absolute smoking ban was brought up earlier, but was halted in 2011 after receiving some negative comments from the public. Mercer said he knows the same opposition will be there this time, but thinks the time is right for the ban to take effect.
For the original version including any supplementary images or video, visit http://www.wtrf.com/story/25088492/casino-gaming-parlors-may-lose-smoking-ban-exemption-status-in-ohio-county

In this May 21, 2012 photo, a dealer at Revel Casino Hotel prepares for a round of roulette at the Atlantic City, N.J. casino as patrons await the result. The president of Revel Casino Hotel says potential buyers are all interested in keeping the Atlantic City casino resort open after a sale. The main casino workers Caesars has tried to sell the casino before shutting it down, but it has been unable to find a buyer. Attempts will still be made to sell Harrahs casino, which employs1,300 people, before its closed on June 2. After exploring every other viable alternative, we have come to the difficult but necessary conclusion to close Harrahs Tunica in an effort to appropriately position our business for the current market opportunity and ensure the long-term viability of our remaining operations in the vicinity,John Payne, President of Central Markets and Partnership Development, said in a statement. Caesars will still operate itsHorseshoe Tunica and Tunica Roadhouse Hotel and Casino in the area.
For the original version including any supplementary images or video, visit http://investorplace.com/2014/03/caesars-harrahs-czr-stock/

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