{"id":11069,"date":"2013-07-03T15:27:12","date_gmt":"2013-07-03T23:27:12","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11069"},"modified":"2013-07-03T15:27:12","modified_gmt":"2013-07-03T23:27:12","slug":"buyers-market-on-the-boardwalk","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/buyers-market-on-the-boardwalk\/","title":{"rendered":"Buyer’s market on the Boardwalk"},"content":{"rendered":"

\"\"An East Coast spy for S&G<\/em> has had his ear to the ground and reports that a veritable horde of prospective purchaser are descending upon Atlantic City<\/strong>. Casino prices having fallen about as low as they can go, “buy” appears to be the watchword of the moment. Colony Capita<\/strong>l may have screwed Rational Group<\/strong> for the Atlantic Club<\/strong>, but now the suddenly aggressive Churchill Downs<\/strong> may be making a play for the hotel-casino. (Remember, Churchill Downs is also mooted as a likely buyer for Pinnacle Entertainment<\/strong>‘s Four Seasons<\/strong> in St. Louis<\/strong>, its Lumiere Place<\/strong> and an unfinished Lake Charles<\/strong> casino belonging to Ameristar Casinos<\/strong>.) And now, with most of its value written off, Revel<\/strong> may be in play: Neil Bluhm<\/strong>‘s Rush Street Gaming<\/strong> is rumored to be jockeying for it — Bluhm did a similar rescue job on what is now Rivers Casino<\/strong> in Pittsburgh<\/strong> — as is Penn National Gaming<\/strong>. The latter is all tangled up in conversion of itself into a REIT, so you’d have to like Bluhm’s chances \u00a0better. But … would three Revel management teams in less than 18 months be what the doctor ordered for that megaflop? Fine Point Group<\/strong> has barely gotten its fanny into the driver’s seat. Selling Revel now risks throwing the baby out with the bathwater.<\/p>\n","protected":false},"excerpt":{"rendered":"

An East Coast spy for S&G has had his ear to the ground and reports that a veritable horde of prospective purchaser are descending upon Atlantic City. Casino prices having fallen about as low as they can go, “buy” appears … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40,23,3,28,14,84,39,91,69,95,30,157],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11069"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11069"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11069\/revisions"}],"predecessor-version":[{"id":11071,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11069\/revisions\/11071"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}