Caesars Contemplating Buyout Offers
Caesars Entertainment is reportedly evaluating several takeover proposals following a significant decline in its market valuation. Sources familiar with the matter indicate that the gaming giant is exploring a potential sale after attracting interest from multiple parties. Among the prominent bidders is Fertitta Entertainment, the hospitality and casino group controlled by Texas billionaire Tilman Fertitta. In addition to outside interest, the company is also weighing the possibility of a management led buyout as part of its strategic review. The news of potential acquisition interest triggered a sharp reaction on Wall Street. Shares of Caesars surged approximately 19 percent following the... The post Caesars Contemplating Buyout Offers appeared first on This Week in Gambling.
Caesars Entertainment is reportedly evaluating several takeover proposals following a significant decline in its market valuation. Sources familiar with the matter indicate that the gaming giant is exploring a potential sale after attracting interest from multiple parties. Among the prominent bidders is Fertitta Entertainment, the hospitality and casino group controlled by Texas billionaire Tilman Fertitta. In addition to outside interest, the company is also weighing the possibility of a management led buyout as part of its strategic review. The news of potential acquisition interest triggered a sharp reaction on Wall Street. Shares of Caesars surged approximately 19 percent following the...
The post Caesars Contemplating Buyout Offers appeared first on This Week in Gambling.
