Tilman Fertitta — owner of Golden Nugget Casinos — is looking to merge his gaming business with hotel and casino giant Caesars Entertainment Corp., reports Reuters.
The proposed deal would reportedly be a “reverse merger,” with Caesars expected to acquire the Golden Nugget business and Caesars shareholders set to retain stake in the combined company.
Golden Nugget operates Golden Nugget Hotel & Casino properties in Las Vegas and Laughlin, Nevada; Lake Charles, Louisiana; Atlantic City, New Jersey; and Biloxi, Mississippi. In addition to the Golden Nugget business, Fertitta’s other holdings include restaurant group Landry’s and the Houston Rockets basketball team.
The Caesars Entertainment portfolio, meanwhile, comprises the Caesars, Harrah’s and Horseshoe brands, among others, and includes more than 40 casinos and hotels across the U.S., Mexico and Dubai. The company’s other global holdings also include hundreds of nightlife, dining and shopping venues.
Golden Nugget and Caesars Entertainment hadn’t yet responded to requests for comment at press time.
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