https://www.bloomberg.com/news/arti...rtitta-is-said-to-approach-caesars-for-merger Billionaire would merge his company into larger Vegas rival Tilman Fertitta, the owner of the Golden Nugget casinos, has approached Caesars Entertainment Corp. about a possible merger, according to people familiar with the billionaire’s plans. Closely held Golden Nugget would be combined into the larger Las Vegas rival, said the people, who asked not to be identified because the discussions are private. CNBC said the deal would value Caesars at $13 a share. Reuters first reported Fertitta’s interest earlier Wednesday. A merger could help Fertitta, who borrowed heavily to buy the Houston Rockets basketball team for $2.2 billion last year, reduce his debt while greatly increasing the properties under his control. He’s expanded his casino business in recent years, opening a resort in Louisiana in 2014 and remodeling properties in Las Vegas and Atlantic City, New Jersey. Tilman Fertitta Investors welcomed the prospect of a deal. Shares of Caesars rose as much as 24 percent to $11.28 in New York. The stock was down 28 percent this year through Tuesday. Revenue on the Las Vegas Strip has been tepid and Caesars, with a market value of $7.2 billion, disappointed shareholders this summer with a warning of tough conditions in the top U.S. gambling market.
Repost that was moved http://bbs.clutchfans.net/index.php?threads/caesars-tilman-reverse-merger.293821/
Would that mean you couldn't get down on the Rockets at any Caesar's property sportsbook at that point? Rockets are already off the board at the Nugget.
I started a thread on Caesars Tilman potential merger this morning. Like mine I guess they will move this to BBS because it is not deemed to be part of GARM.
