CRISPPOKER
Hello and welcome to crisppokerforums , Please log in or register to access the forums,
There is many reasons to regester with us such as :

* access to the chatbox
* lots of top poker promotions
* upto date information on all of our freerolls
* access to all our bonus codes for different sites
* share / read storys from other poker players
* learn to play poker
* Daily poker news from around the world
* All the news about dec 1st 2014 and what it means for uk poker

We also have inside a very nice US section for players from the united states, In This section is reviews of all LEGAL poker clients

Thanks for visiting crisppoker forums,

Look forward to chatting to to you all in our busy chatbox

ADMIN


Firm Changes Mind About Buying Shuttered Revel company

View previous topic View next topic Go down

Firm Changes Mind About Buying Shuttered Revel company

Post by jock2007 on Thu Nov 20, 2014 4:05 pm

by Brian Pempus wrote:Revel is closer to toxic waste than a property that can support a casino business, the firm once seeking to buy the property conveyed on Wednesday after backing out of a $110-million deal to take it out of the muck.

According to Philly.com, Toronto-based Brookfield Asset Management canceled the deal because payments to a utility company were going to be too high. A utility plant next to the property would need more than $24 million annually from the owner of the casino, a figure which included fixed debt and equity payments stemming from a 2011 deal brokered in desperate times, the report said.

Revel cost $2.4 billion to build and has been through bankruptcy multiple times.

Brookfield beat out Florida real estate developer Glenn Straub, who wanted to buy Revel for $95 million. It is unclear if he is still interested in defunct Revel.

Straub said he wanted to turn Revel into a university where the ideal student is white.

One of the worst schools in the nation in terms of student loan debt among its graduates is already planning on opening a branch campus where the Showboat Casino once operated.

Atlantic City will lose its fifth casino this year next month after the Trump Taj Mahal closes. The owners of that casino want $175 million in government aid in order to stay in business. It already was approved to shed its healthcare and pension plans for employees.
avatar
jock2007
allstar elite
allstar elite

+/- : 15
Posts : 577
POINTS : 2724
Join date : 2011-03-20
Age : 31
Location : wales uk

http://crisppoker1.forumotion.co.uk

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum