Who Might Ante Up For Caesars Entertainment Units [Forbes]
PJT Partners Inc. Class A (PJT)
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Source: Forbes
Who Might Ante Up For Caesars Entertainment Units By Dayna Fields As Caesars Entertainment On May 6, Treasure Island owner Phil Ruffin Las Vegas Review-Journal The rare opportunity to own a Las Vegas Strip casino would likely draw interest from multiple potential bidders, says Frank Fantini, CEO of research firm Fantini Research. Even if Caesars sells to one bidder, he notes that there will likely be overlapping properties that will need to be divested to satisfy antitrust concerns. “I would say this opportunity is unprecedented simply because of the huge size of Caesars—who else has this many properties to sell?” he says. Las Vegas, Nevada, USA - September 15, 2018: Main street of Las Vegas-is the Strip in evening time. Casino, hotel and resort-Caesars Palace. Getty If Caesars has a preference to sell for cash instead of equity, then a series of smaller deals that are easier for buyers to finance would be “the best way to do it,” says Chad Beynon, managing director and equity analyst
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PJT
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PJT
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- 3/22/24 - Form 4
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- 3/22/24 - Form 4
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