Endorsed by Gambling911

Ailing Revel Casino Seeks Help From Lenders

Written by:

Guest

Published on:

Aug/21/2012

Ailing Revel Casino Seeks Help From Lenders

ATLANTIC CITY, N.J. -- (Associated Press) - Atlantic City's newest casino is seeking some breathing room from its lenders.

Following a slow start out of the gate and a $35 million operating loss, Revel is asking its lenders to increase the amount of credit it can draw on.

The casino, which opened in April, has $30 million worth of credit, but wants to increase that to $100 million.

Revel has been mired in 8th place out of Atlantic City's 12 casinos in terms of the amount of money won from gamblers, and analysts say it's not taking in nearly enough to make its interest payments.

Revel CEO Kevin DeSanctis says the extra credit will get Revel through 2013 with a significant cushion.

Business/Financial News

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further. How about a FREE week per month FOR LIFE?

Bet on Will Ethereum hit $3,800 by Friday December 6

Some $8,000 had been bet so far at Polymarket with 44% of those backing Etherum's price shooting above the $3800 mark by Friday.

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality.

Odds of Bitcoin Reaching Over $100K Before End of November Quite Good

73% of those betting on the price of Bitcoin at Polymarket believe it could touch $95,000 before the month ends though only a small number believe it will surpass $100K.