The buyout of Caesars by the smaller eldorado has hit a snag as Icahn wants more money.
If this deal was to go thru I expect Caesars woul have to sell some properties in order to reduce debt. There are talks of layoffs
The buyout of Caesars by the smaller eldorado has hit a snag as Icahn wants more money.
If this deal was to go thru I expect Caesars woul have to sell some properties in order to reduce debt. There are talks of layoffs
It was just sold to Eldorado. I wonder which properties will be sold off to pay off the debt.
The Rio has been mentioned in the past, but the property seems to have fallen into disrepair, reducing its value
17 billion and change.
Location is The only thing Caesers properties offer in Vegas. The resorts themselves have all been one-upped by their younger neighbors...not sure there's much that can be done about that short of serious renovations of which the combined company does not have the cash for.
I've been to some of the El Dorado properties scattered around the country - they actually do a pretty good job of making a player friendly atmosphere. I hope that carries over to the combined entity.
The sale will likely happen, but it ain't done yet.
