That was my first thought upon seeing that online casino 2UP Gaming, based in London and backed by Asian money men, wants into the Boardwalk. Bravo to that and to the $330 million 2UP says it would invest. It shouldn’t need more than a tenth of the aforementioned amount to actually buy a casino. At least Trump Entertainment Resorts can be counted upon to bargain in good faith. Creditor Carl Icahn has the power to play spoiler upon any deal … but even that works to Trump’s advantage, as it drives the sale price up. Of course, there’s also the Atlantic Club, but after PokerStars got snookered by Colony Capital, other potential buyers would have to be wary of Tom Barrack and his gang. Then again, since 2UP is brandishing such a large checkbook, this would be a timely moment for Caesars Entertainment to help itself by putting the Showboat or Bally’s Wild Wild West onto the block.
Forget about hearing anything more about Zynga, which threw in the towel on the U.S. Internet-gambling market yesterday, sending the stock into a swoon. Ah well, they’ll always have “Farmville.”
Wow that is quite an amount. But I guess if they have many Asian men that are backing it up then they can afford the 330 million. Imagine that Trump would not take any less than that amount anyway.