Addressing rumors that Hard Rock International might buy Revel Casino Hotel, Seminole Gaming CEO Jim Allen acknowledged Tuesday that the company considered the property but a deal wasn't right.

"Hopefully, it will be a trophy for somebody someday," Allen said during the East Coast Gaming Congress in Atlantic City. "If the economics were right, we would be intersted."

Latest Video

Since last year Revel has acknowledged that it is pursuing a sale, partership or a second bankruptcy restructuring.

Allen pointed to issues with Revel's size and design, saying the company would have had to invest in the property to make it viable.

"We looked at it, and we participated in the process," Allen said. "We believed -- and still do to a certain extent -- that Atlantic City has potential. The product has to change."

Never miss breaking news as it happens! Sign up now to receive alerts delivered to your inbox.

Recommended for you

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.