It is has been a few years since I stayed at Caesars, but the quality of talent at Caesars pool was first class.
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I’ll bet the Coog’s game totals, especially on the opponent’s first half under and second half over. Have done well.
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Yeah… I would probably do that if I’m physically at the sportsbook…
I just already have so much emotion riding on Coog games that I can’t bet them…
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He also owns a lot of commercial real estate as part of the portfolio, for instance he bought the River Oaks District a while back. As his company is privately held, and has been for a number of years, they no longer issue public financial statements so we can’t really analyze just how leveraged the company is or compare it to other similar companies.
He does have to file personal financial disclosures due to his role as Ambassador, but I don’t know where to look them up. The Chronicle did a story about them in March of 2025, which gives you some insight. Looks like he did have some investment in media through Tenga although that’s all personal holdings and not company holdings. I think Tenga just got bought out this year so he may not have any of that anymore.
Made a lot of jack on basketball
Yeah… our football team covers the spread a lot, too (at least pre-Willie) but I just can’t think rationally when it comes to the Coogs so I don’t bet them…
Except MAYBE a parlay in the first round as mentioned above…
The Coogs winning is the only payout I need on their games.
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Mr. Fertitta also owns a Chevrolet Dealership in Clear Lake.
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Maybe Tilman is looking for a write off or hedge against taxes?.
C’mon now, nobody’s ever buying a business “looking for a write-off.”
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And Houston Oilers owner Bud Adams owned Southwest Lincoln Mercury Car dealership, in addition to Adams Petroleum Company. So what?
Gee, My tax guy knows what he’s doing. Maybe you need another tax guy? Any business that isn’t looking for write offs won’t be in business very long.
Of course, any business has tax deductions; but anyone that buys a business for its “tax write-offs” rather than for its “earnings or profits” is… (well that’s best left unsaid).
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NIL is just the beginning. I expect a full sponsorship deal to include changing the mascot from Houston Cougars to Houston Caesars. Break out the togas everybody!!
(it’s a joke but it would be kinda fun)
Speaking as a tax guy. If you’re buying a business for it’s tax write-offs, you’re doing it wrong. Economic substance doctrine, and all.
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I don’t know much about business law, I only made a C in the one course I took at LSU and thought it was boring as hell. But when I was working contract in Shreveport in 1973, we were working 50 hour weeks with nothing to do. Tax law is weird.
We were in a building down the street from the actual client and figured since we had nothing to do they would cut out the overtime and reduce staff. But no, the client rep told our leader his tax guy said we need to beef up to 55 hours a week and hire another guy. I did that for 6 months until I couldn’t stand it anymore and took another contract job in St. Paul, MN for 3M central engineering.