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Long Dormant Revel Casino in Atlantic City Sold

Atlantic City’s Revel Casino, which has been closed since September 2014, has been sold. Bruce Deifik, the founder of Integrated Properties in Denver, confirmed Monday that he purchased the ill-conceived property for $ 200 million through his business AC OCEAN WALK from Florida developer Glenn Straub. The Revel was designed to be a luxury casino property to rival the Borgata. It cost a staggering $ 2.4 billion to build and opened in April 2012. It never made a profit and closed about two and a half years later, the third of four Atlantic City casinos to shutter its doors that year. The casino was a failure from the start, as financial problems caused construction to be halted more than once. It bled money from the moment it opened, couldn’t pay its property taxes, couldn’t pay contractors, couldn’t repay loans, and went into bankruptcy twice. In August 2014, Revel announced that

Report: Sands Bethlehem (PA) Casino to be Sold

Neither company has confirmed anything, but reports out of Pennsylvania last week have the Sands Bethlehem Casino on the verge of being sold to MGM Resorts International. According to The Morning Call, which cites two sources for its information, the deal for the Las Vegas Sands-owned casino would be worth $ 1.3 billion. A few weeks of “due diligence” are still necessary on both sides before a formal announcement of the deal can be made, sources tell The Morning Call. One significant piece of evidence of the pending sale is a leaked e-mail from Sands Bethlehem President Mark Juliano to the casino’s employees in which he states, “We have been told today that Sands Bethlehem has a potential buyer; it is a sole buyer interested in purchasing the property. The sale is not imminent and there is a lot of work that still needs to be done before a sale

Bovada Poker Sold to Ignition Casino

I news out of nowhere, Bovada, the world’s largest offshore poker site that accepts U.S. customers, announced Tuesday that it has sold its poker operations to the little-known Ignition Casino. In an e-mail to customers, Bovada said: We have important news we want to share with you. Bovada Poker has been acquired by Ignition Casino. This means you’ll be required to transfer your account by September 30, 2016. After this date, poker at Bovada will no longer be available. You’ll still have access to Bovada’s sportsbook, casino and racebook products. Ignition Casino uses the same platform as Bovada, so the features you enjoy such as anonymous tables, Zone poker, mobile poker and guaranteed tournaments, like the weekly $ 100K, will be there waiting for you. Both sites will also operate simultaneously with shared player pools until the transition is complete. Any Poker Points that you have accrued on Bovada will