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Caesars to say no to Golden Nugget merger proposal

George Miller
October 23, 2018
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Caesars to say no to Golden Nugget merger proposalReading Time: 1 minute

 

The board of directors of Caesars Entertainment is all set to reject an offer to take over Golden Nugget casino group. Tillman Fertitta, the owner of Golden Nugget owner, had made the proposal of a reverse merger, by which Caesars Entertainment would be able to hold the majority stakes in a joint venture.

None of the board members of Caesars is reportedly convinced by the deal.

One board member has reportedly termed the deal “certainly not attractive.” said it must be noted that Caesars still has a debt of $9bn and is emerging after bankruptcy a year back, while Fertitta’s net worth is estimated at $4.5bn.


Source: Latest News on European Gaming Media Network

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Experience the Power of EEGaming.org – The Global Intelligence Hub

At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

  • ✔ Online and Land-Based iGaming
  • ✔ Strategic Betting and Esports
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Whether through our daily "Zero Fluff" news, exclusive executive interviews, or in-depth market reports, our content provides the Expertise required to navigate today’s markets and the Evolution needed to lead tomorrow’s.

Bringing the Industry Together

Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Get In Touch

Editorial / PR Submissions: [email protected]
Business & Advertising: [email protected]

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