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Hard Rock: Interested in Revel if price is right

5-20-14

ATLANTIC CITY, N.J. (AP) — The president of the Seminole Indians’ Hard Rock franchise says the company would consider buying Atlantic City’s Revel Casino if the price was right.

Revel is seeking a buyer or a partner for a joint venture.

Florida-based Hard Rock has been a long-rumored suitor for Revel; the company made preliminary inquiries earlier this year to New Jersey casino regulators about what license it would need if it pursued Revel.

Speaking Tuesday at a regional gambling conference in Atlantic City, Hard Rock president James Allen confirmed the company has looked into Revel.

He says the casino needs a lot of work, but adds “if the economics were right, then we would be interested.”

Allen wouldn’t say what he considered a fair price for the casino, which cost $2.4 billion to build.