× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 27 June 2019

Tilman Fertitta “100% interested” in buying property from Eldorado-Caesars

By Tim Poole

Golden Nugget owner Tilman Fertitta will try to "pick off one or two properties" on the Las Vegas Strip after Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

Fertitta had a reverse merger bid for Caesars rejected last year, with Eldorado announcing exactly the kind of deal the billionaire was aiming for this week.

However, Fertitta may still look to benefit from the merger after Eldorado CEO Tom Reeg confirmed the new company will likely be "a seller of a Strip asset."

He is quoted as saying by the Houston Chronicle: "100%, I’m interested. I’ll try to pick off one or two properties. You go where the people are. If you go where the people are, you’ll usually be successful."

On the Eldorado-Caesars deal, Fertitta insists he is not disappointed to have lost out, adding "I still made $10m" – the result of 4.5 million Caesars shares he bought earlier this year.

He explained: "It would have been a huge transaction and I did not feel comfortable with the deal as it was done, mainly the cash portion of the deal.

"You have no idea how many deals I was this close to and somebody just outbid me for it because I’ve learned you have to be a disciplined buyer."

Click here to read Gambling Insider’s analysis of the Eldorado-Caesars deal.

RELATED TAGS: Casino | Mergers & Acquisitions
IN-DEPTH 18 February 2020
A decade to remember

Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
The Leading iGaming Software Supplier in Asia
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...