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Caesars could be exploring a sale, Fertitta could be among strongest suitors
Posted on 2/26/26 at 3:09 pm
Posted on 2/26/26 at 3:09 pm
Loading Twitter/X Embed...
If tweet fails to load, click here. What's gonna happen to my seven star status?!
10
Posted on 2/26/26 at 3:10 pm to The Egg
Gonna make them an offer they can't refuse.
Posted on 2/26/26 at 3:12 pm to The Egg
How mismanaged does a company with multiple casinos have to be in order to accrue 20 BILLION dollars in debt??
Posted on 2/26/26 at 3:12 pm to fightin tigers
Someone call Danny Ocean.
Posted on 2/26/26 at 3:23 pm to BregmansWheelbarrow
quote:
How mismanaged does a company with multiple casinos have to be in order to accrue 20 BILLION dollars in debt??
Money laundering
Posted on 2/26/26 at 3:30 pm to The Egg
Damn they just bought Eldorado for 17.3 billion a few years ago. Hope it gets over $100 again...
Posted on 2/26/26 at 3:34 pm to bad93ex
quote:
Money laundering
The skim continued even after the mob was out?
Posted on 2/26/26 at 3:34 pm to BregmansWheelbarrow
Selling $7 waters tends to decrease overall revenues
Posted on 2/26/26 at 3:35 pm to BregmansWheelbarrow
It’s worse than it even seems.
The casinos were selling the land under the buildings and are now leasing the properties at astronomical rates.
It’s why the cost to stay in Vegas has gone nuts since Covid: $150/night resort fees, $35-$50 burgers, $35 drinks… the casinos are hemorrhaging money.
The casinos were selling the land under the buildings and are now leasing the properties at astronomical rates.
It’s why the cost to stay in Vegas has gone nuts since Covid: $150/night resort fees, $35-$50 burgers, $35 drinks… the casinos are hemorrhaging money.
Posted on 2/26/26 at 4:07 pm to tide06
quote:
The casinos were selling the land under the buildings and are now leasing the properties at astronomical rates.
TF? Who thought selling land on the Vegas strip would be a smart idea?
Posted on 2/26/26 at 4:16 pm to teke184
quote:
TF? Who thought selling land on the Vegas strip would be a smart idea?
Caesar’s went bankrupt a while back. Part of the re-organization was selling the land to VICI. That way the creditors of the casinos got paid while the casino doors stayed open.
Posted on 2/26/26 at 4:22 pm to The Egg
Caesars is one of the most iconic brands in gaming. $20B+ in debt. 
The property in Vegas is an embarrassment.
The property in Vegas is an embarrassment.
Posted on 2/26/26 at 4:25 pm to teke184
quote:But did they ever fully get out? I mean the place still hosts the World of Concrete, SHOT Show, and Porn conventions...
The skim continued even after the mob was out?
Posted on 2/26/26 at 4:52 pm to The Egg
Wow!
Present value of future cash flows is what it’s all about…
What triggers ‘for sale’ of a casino decision? Vice business is about people’s weakness. Religions, industries, black markets built around this.
How does a casino get to point that sale makes best ‘cents’ for shareholders? Exploiting human weakness does not require Harvard MBA.
Present value of future cash flows is what it’s all about…
What triggers ‘for sale’ of a casino decision? Vice business is about people’s weakness. Religions, industries, black markets built around this.
How does a casino get to point that sale makes best ‘cents’ for shareholders? Exploiting human weakness does not require Harvard MBA.
Posted on 2/26/26 at 5:13 pm to The Egg
quote:
What's gonna happen to my seven star status?!
You are going to get either Chairman, Elite, or their new tier, the Millionaire Club.
Fertitta buying Caesars would cement him buying the Saints with all the marketing tie ins.
Fun little fact at all Golden Nugget locations there are 61 pound replicas of a vein of gold called the Hand of Faith. They say the real one is in Vegas, but I have seen reports that the Nugget in Biloxi has the real one.
If you are interested, the one in Biloxi is near the check in desk on the 2nd level next to nonsmoking casino room.
This post was edited on 2/26/26 at 5:24 pm
Posted on 2/26/26 at 5:18 pm to Tarps99
Hopefully, the new owners bring back 3/2 blackjack.
Posted on 2/26/26 at 5:24 pm to SoFla Tideroller
quote:
Hopefully, the new owners bring back 3/2 blackjack.
Some places have 3/2 Blackjack, but you need to be a high roller. Unfortunately, I am not. That is why I play slots.
This post was edited on 2/26/26 at 5:26 pm
Posted on 2/26/26 at 5:26 pm to The Egg
Posted on 2/26/26 at 6:34 pm to The Egg
The amount of money they spent advertising their sports betting app at first was insane and I don’t think it’s even close to the top market share getters.
This post was edited on 2/26/26 at 6:34 pm
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