Caesars Entertainment Corp, owner of four casinos in Atlantic City, is considering a bid for Revel Casino Hotel, according to Bloomberg News.
The business newswire report cited unnamed sources with "knowledge of the situation."
Those sources said Caesars had not yet bid and may not, but that private deliberations were taking place.
Offers for the property, which opened in April 2012, are due in two weeks, sources told Bloomberg.
Caesars officials would not comment to a Press of Atlantic City reporter on the report. Revel officials have not yet responded to request for comment.
Caesars purchased the bankrupt Atlantic Club Casino Hotel's Boardwalk property in December for $15 million, but has not announced plans for the property, aside from saying they would not be the operator.
Revel was built for $2.6 billion.
Robert Heller, president of Spectrum Gaming Capital, a New York-based investment bank, told Bloomberg that Revel would provide a new facility to Caesars aging properties.
"They could fill the place," Heller said in an interview. Revel would be "a huge upgrade" for Caesars in the market.
In the report, Bloomberg also cited other media reports that Hard Rock International, of Florida, was a potential bidder. A spokeswoman for Hard Rock declined to comment, Bloomberg reported.
Bloomberg News and Staff Writer Jennifer Bogdan contributed to this report.