One of the Strip’s largest casino operators may be attracting attention from potential buyers, a new report suggests.
Caesars Entertainment is considering takeover offers, including a possible management-led buyout, according to a Thursday article from the Financial Times. Reno-based Caesars Entertainment is “exploring a sale after receiving takeover interest from several potential bidders,” among them Texas billionaire Tilman Fertitta, the FT reported.
On Friday, a spokesman for Caesars Entertainment said the company would not comment on market speculation or rumours. Fertitta could not immediately be reached for comment.
Caesars Entertainment’s share price rose more than 19 percent after the close on Thursday following the FT story. As of midday Friday, the stock was trading at $24.33 per share, up $3.10 per share since the start of the week.
This is a development story. Check back for updates.
Contact David Danzis at ddanzis@ theplayerlounge.com or 702-383-0378. Follow @AC2Vegas_Danzis on X.
