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Started By
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re: Caesars could be exploring a sale, Fertitta in exclusive talks for $7B purchase
Posted on 2/26/26 at 6:48 pm to SaintsTiger
Posted on 2/26/26 at 6:48 pm to SaintsTiger
quote:
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.
VICI owns most of MGMs casinos as well, or maybe all of them. They are paying around 6% annual dividend right now, and are up around 65% in the last 9 years.
2
Posted on 2/26/26 at 7:23 pm to tide06
quote:
150/night resort fees,
Where
Posted on 2/26/26 at 7:31 pm to BregmansWheelbarrow
quote:
How
quote:
How mismanaged does a company with multiple casinos have to be in order to accrue 20 BILLION dollars in debt??
Massive buying spree followed by awful sale leaseback deal
Glad they got the Nola property finished
Posted on 2/26/26 at 7:33 pm to James11111
quote:
VICI owns most of MGMs casinos as well, or maybe all of them. They are paying around 6% annual dividend right now, and are up around 65% in the last 9 years.
I own some shares. It's a pretty sweet deal.
Posted on 2/26/26 at 8:03 pm to James11111
quote:
VICI owns most of MGMs casinos as well, or maybe all of them. They are paying around 6% annual dividend right now, and are up around 65% in the last 9 years.
Maybe instead of gambling, I ought to buy stock in the casino.
Posted on 2/26/26 at 8:51 pm to nola tiger lsu
Cosmo is something like:
$55 resort fee
$20 parking
$35-40 tourist tax
$25 state tax
So total fees and taxes ended up like $130-140 a night and that wasn’t even on a suite.
$55 resort fee
$20 parking
$35-40 tourist tax
$25 state tax
So total fees and taxes ended up like $130-140 a night and that wasn’t even on a suite.
Posted on 2/26/26 at 8:52 pm to BregmansWheelbarrow
How horrible of a company do you have to be to bankrupt a casino?
Posted on 2/26/26 at 9:15 pm to BregmansWheelbarrow
quote:
How mismanaged does a company with multiple casinos have to be in order to accrue 20 BILLION dollars in debt??
All it takes is one aggressive CEO who wants to show how smart he is to run up a lot of debt. Plus, they own some casinos in places you would never want to visit. Danville, VA? Really?
Posted on 2/26/26 at 9:29 pm to Auburn80
quote:
All it takes is one aggressive CEO who wants to show how smart he is to run up a lot of debt. Plus, they own some casinos in places you would never want to visit. Danville, VA? Really?
Or run up the stock price on dreams and cooked earning reports by hiding debt then leave selling your golden parachute before the debt payments start affecting the books and the stock price nose dives.
This post was edited on 2/26/26 at 9:42 pm
Posted on 2/26/26 at 10:11 pm to fightin tigers
You dont come to Vegas and talk to Moe Green like that!
Posted on 2/26/26 at 10:12 pm to The Egg
It’s not the real Caesar’s Palace tho
Posted on 2/27/26 at 12:52 am to Tarps99
quote:
Fertitta buying Caesars would cement him buying the Saints with all the marketing tie ins.
Finally. An owner Loomis can’t frick to not be fired. Sign me up. At least with a casino owner buying the team we won’t have to suffer through Loomis’s dogshit drafting.
Posted on 2/27/26 at 2:58 am to tide06
quote:
The casinos were selling the land under the buildings and are now leasing the properties at astronomical rates.
From this TikTok video a few weeks ago:
Room occupancy was down to 76.1%
Caesars leasing costs 720 million quarterly and they have been bringing in about 750 million quarterly.
Caesar's and MGM have a combined $55 billion in debt.
Posted on 2/27/26 at 6:09 am to Uncommon Idea
quote:
Caesar's and MGM have a combined $55 billion in debt.
That’s an absolutely staggering number.
Posted on 2/27/26 at 6:46 am to teke184
quote:
Who thought selling land on the Vegas strip would be a smart idea?
Steve Wynn had this figured out a very long time ago
Posted on 2/27/26 at 9:21 am to Uncommon Idea
quote:
Caesar's and MGM have a combined $55 billion in debt.
Now that is what I call gambling with your future.
No wonder Caesars and MGM are stingy with their comps.
This post was edited on 2/27/26 at 9:22 am
Posted on 2/27/26 at 9:47 am to SoFla Tideroller
quote:
Hopefully, the new owners bring back 3/2 blackjack.
Don't hold your breath. 6/5 Blackjack, triple zero roulette wheels, and slot machines wound tighter than a two dollar watch. Casinos are rolling in money, but keep getting greedier.
Posted on 3/12/26 at 8:45 am to The Egg
Posted on 3/12/26 at 8:50 am to The Egg
quote:Common knowledge that the women in his family are very hairy.
Fertitta
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