Revel had held out hope for an auction last week, but word leaked out on Monday that no qualified bidders had made offers.
Revel’s closing will reduce Atlantic City to seven casinos and represents the fourth closure this year. AC Club closed in January and Showboat and Trump Plaza are due to close soon.
Source: Fantini’s Gaming Report
Intralot noted business uplifts in Turkey and Argentina helped steer its overall 10.9 per cent year-on-year increase in Q1 revenue.
Genting Malaysia Berhad reported revenue declines in all of its business segments in Q1, but noted an EBITDA increase of 13 per cent.
Philippine Amusement and Gaming Corporation (PAGCOR) chairman Alejandro H. Tengco and his fellow board members have tendered their courtesy resignations as Philippine President Ferdinand Marcos Jr looks to reorganise state-run sectors such as gaming.
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