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