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Thread: Caesars to buy Golden Nugget properties?

  1. #1
    https://www.reviewjournal.com/busine...VzkJL1d8WlpKoI

    Tilman Fertitta, who owns Landry's (parent company of Golden Nugget, among other businesses), has proposed to Caesars that they should buy business at $13/share.

    Caesars is considering it.

    This doesn't make a lot of sense for Caesars to do, as they already have casinos in most of the locations where Golden Nuggets exist.

    Golden Nugget has casinos in downtown Vegas, Laughlin, Biloxi, Atlantic City, and Lake Charles (Louisiana).

    The only city of those without a Caesars property is Lake Charles, which kind of serves the Houston market (though it's a bit of a drive).

    It's true that Caesars doesn't have a property downtown (where Golden Nugget is), but they briefly held one in Binions, but quickly dumped it after taking the World Series of Poker asset from it.

    These properties would join the Total Rewards program if it were to occur.
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  2. #2
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  3. #3

  4. #4
    FFS.

    That's the last thing we need. Not because it's CET. We need as many different companies running casinos as possible.

  5. #5
    The article in the New York Post gives this a different spin with Fertita taking control of Caesars.

    https://nypost.com/2018/10/17/golden...rs-merger/amp/
    It's all about quitting when ahead.

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