Revel Casino in Atlantic City Files for Second Bankruptcy



Despite providing luxurious accommodations and several advertising overhauls, Atlantic City’s Revel Casino in brand New Jersey has failed to make a profit. (Image: cntraveler.com)

If the Revel Casino Hotel exposed in Atlantic City in 2012, the city saw it as the start of a new age for the gambling industry that is local. Now, it looks as if the resort may decrease as one of the largest failures in American video gaming history.

The Revel Entertainment Group has filed for security from the creditors in a federal bankruptcy court, and has put the property up for auction in an attempt to sell the casino before it is forced to shut. According to Revel, that closure could happen in very little as two months if your sale doesn’t undergo. That will come being a huge blow to the town, as well as the 3,140 workers that just work at the Revel.

Little Value in Struggling Casino

Ownership states that they have obtained a $125 million loan that may make sure the venue can stay open until a customer is discovered. But they aren’t anticipating getting much of a return on their investment: for a casino that cost $2.4 billion to perform just two years ago, quotes now have the property valued at significantly less than $300 million. Some even genuinely believe that the true value could be less than $100 million, as it is going to be a long period before the location has a chance to turn a revenue.

‘ We are going to work to achieve

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PokerStars Parent Could Receive Second Stock Exchange Listing



The brand new York Stock Exchange is certainly one of two options for PokerStars and Amaya Gaming now. (Image: en.wikipedia.org)

It was once that the online poker room that is biggest had been privately held. The massive $4.9 billion buyout of PokerStars by the Amaya Gaming Group opened up the possibility for investors to obtain an item of the poker room giant through their publicly owned parent company. Now, the head of Amaya is considering giving investors a second solution to access it board with the company.

Based on Amaya CEO and chairman David Baazov, the organization is planning on producing a dual listing that would result in the firm, including PokerStars, being open to investors on an exchange that is second.

‘There would have been a dual listing,’ Baazov told the Sunday circumstances recently, confirming the master plan.

New York or London

Right now, Amaya is listed on the Toronto Stock Exchange, where it’s been traded for the past four years. However, the double listing would see Amaya additionally listed for trading either on the London Stock Exchange or certainly one of New York’s exchanges. No decision has been made on which exchange would be preferable to Amaya at this time.

London is a target that is likely however. Given the united kingdom’s central role within the on the web gambling world, it’s a home that is natural Amaya. In addition, most world’s largest video gaming businesses are traded wi

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Massive Betting Anticipated for 2014 World Cup



The 2014 World Cup has millions of fans round the world watching every minute of the action and nearly as many individuals betting on the outcome of each match. (Image: FIFA)

On the 2014 FIFA World Cup will begin with a match between hosts Brazil and Croatia thursday. That may start a of intense competition that will be closely followed by soccer, football and futbol fans from around the world month. But it may also mean the start of the biggest gambling frenzies the globe has ever seen, as hardcore gamblers and casual fans from throughout the world look for their opportunity to get big on this worldwide spectacle.

Even in the United States surely the major country with all the minimum interest in the competition the World Cup has become an extremely big deal over the final two decades. That goes hand-in-hand aided by the increase of the national team as a local powerhouse and a respectable competitor in international play. And while Team USA could need to up their game just to get out of a tremendously difficult group this time around let alone win the tournament that doesn’t mean that American bettors aren’t putting their money behind their squad.

Bets on Champions and Goal Scorers Popular

In accordance with the Las Vegas Hotel SuperBook (LVH), they will have taken twice as numerous bets on the United States to win the World Cup in terms of any other nation. That is despite the truth that the chances in a shoc

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