CDC Gaming Reports

  • Home
  • News
    • Newsroom
    • Newsroom International
    • Commentaries
    • Newswire
  • Subscribe
  • Advertise
  • CDC Team
  • Conference Calendar
  • Contact

Newsroom

Caesars to reject merger offer from Tilman Fertitta’s Golden Nugget

Josh Kosman, New York Post · October 21, 2018 at 7:40 pm

Caesars isn’t interested in any of Tillman Fertitta’s Golden Nuggets.

Fertitta — the billionaire owner of the Houston Rockets — invited Caesars Entertainment earlier this month to merge with his own gaming empire, which includes the Golden Nugget casino chain.

But Caesars’ board — which includes reps from billionaire Leon Black’s Apollo Management and David Bonderman’s TPG — is expected to unanimously reject Fertitta’s deal as soon as this week, believing it would saddle the casino giant with too much debt, two sources close to the situation told The Post.

Instead, Caesars — which also owns the Harrah’s and Bally’s casinos, as well as the Planet Hollywood chain — is in advanced talks to buy a few properties from Jacks Entertainment, a Midwest-based gaming concern that owns six casinos in Cleveland, Cincinnati and Detroit.

Continue Reading....

Newsroom

  • Las Vegas: Locals, tourists help Atomic Liquors celebrate 70 years
  • Virginia: Richmond plans to hold a second casino vote in November, despite state budget’s language
  • New York: NYRA suspends Baffert 1 year; eligible to return in January
  • Chicago: Bally’s hoping to file casino application with state this month
  • How sports betting companies are weathering the economic storm
  • Economic analyst: Challenges on horizon but Las Vegas resilient

Intl. Newsroom

  • Greece: Hard Rock International and GEK Terna confirm plans to build and operate Athens casino resort
  • 888 Holdings UK revenue falls on safer gambling protections, Dutch exit
  • Bookmakers donate £1.2 million of Royal Ascot profits to UK charities

Commentaries

  • Igaming Focus: FanDuel strategy — lean in when others pull back
  • Will this be the year the gaming industry clears the air on smoking?

13825 Lakewood Heights Blvd
Cleveland, OH 44107
(702) 664-2121
info@cdcgamingreports.com

Editorial policy and Terms of use
Copyright © 2022, CDC Gaming Reports

Elevate Web Designs

CDC Gaming Reports
  • Home
  • News
    • Newsroom
    • Newsroom International
    • Commentaries
    • Newswire
  • Subscribe
  • Advertise
  • CDC Team
  • Conference Calendar
  • Contact