Caesars has reportedly rejected an offer from the owner of the Golden Nugget, according to the New York Post.
Caesars’ board is expected to unanimously reject Golden Nugget owner Tilman 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.
“That is certainly not attractive,” a source with knowledge of Caesars’ board’s thinking said, noting that it was a US$25 billion debt load from a 2008 leveraged buyout that had plunged Caesars into bankruptcy in 2015.
Instead, Caesars is in advanced talks to buy a few properties from Jack Entertainment, a Midwest-based gaming company that owns six casinos in Cleveland, Cincinnati, and Detroit, the Post reported.
News of the possible merger sent stocks for Caesars soaring last week.
Full Content: New York Post
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI