Colorado group plans $375m revamp for Revel Casino Hotel

The defunct Revel Casino and Resort may soon get a revamp to reopen in the summer next year. The owner of the hotel-casino, also referred to as Ten, has been turning down reports of a property sale for some time now. However, a recent report by the Moody’s Investors Service on a Colorado-based firm’s rating suggests that it would spend $375 million to acquire and redevelop the massive boardwalk site.
Source: iGaming

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