Reportedly buying Caesars for $7 billion.
Wonder if this means he will be resigning as an ambassador.
Leverage, baby!!
I’m a huge Tilman fan, and would likely think about staying there if the price was right, but the Nugget has seen better days. I wish he would focus on fixing up my previously favorite Vegas casino. It’s pretty dumpy these days.
Don’t know that he would need to, presumably he has people working under him to handle it but then he may want to be hands on. I’m not sure but didn’t he try to buy Caesars before or something?
Yes, my search says he pursued Ceasars deals in 2018 and 2019.
I have no real idea how time consuming being an ambassador really is.
This deal seems huge, even for him, relative to his publicized net worth.
Interesting…Despite the name recognition, over the past five years, Caesar’s Entertainment stock is down 72%. I hope Fertitta can turn it around.
Caesar’s was one of my accounts. Historically they were horrible at paying their debts. Tons of suppliers lost their business trying to do business with them. Maybe Fertitta will change that.