Landry’s Inc. paid $38 million two years ago to acquire the rundown, money-losing Trump Marina, and analysts immediately predicted the gaming market’s demise. A few years earlier Trump Marina had been valued as high as $315 million.
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The opening of the $2.4 billion Revel on the northern end of the Boardwalk in April 2012 was one of the most anticipated events in the market since 2003, when the Borgata was unveiled.
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company’s website and mobile applications