Revel Casino Could Sell at 95% Discount in Auction

Revel Casino Could Sell at 95% Discount in Auction

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses a significant decline in sales in the world's largest gambling hub due to protests in Hong Kong, with September's revenue dropping by 12%. It then covers a bankruptcy auction where a Toronto asset management firm won the bid for the Rebel Casino Hotel in Atlantic City for $110 million, assuming debt. Finally, it highlights Bitcoin's price plunge by nearly 20%, causing concerns of a market crash, despite its popularity among speculators.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the total revenue in September for the world's largest gambling hub?

$3.2 billion

$2.4 billion

$3.5 billion

$2.8 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which firm won the bankruptcy auction for the former Rebel Casino Hotel?

Atlantic City Holdings

New York Investment Group

Toronto Asset Management

Brookfield Asset Management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did Brookfield Asset Management theoretically pay to acquire the Rebel Casino Hotel?

$120 million

$100 million

$90 million

$110 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By what percentage did Bitcoin's price fall over the weekend?

20%

15%

10%

25%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Despite its volatility, Bitcoin remains popular among which groups?

Governments and regulators

Retailers and consumers

Bankers and investors

Speculators and tech enthusiasts