"Sale" Tag Results

By Tomas Medon

Harrah’s Reno to Be Sold Ahead of Caesars-Eldorado Merger

January 17, 2020

On Wednesday, renowned gaming and hospitality operator Caesars Entertainment Corporation and VICI Properties, its real estate investment trust, announced that they will be selling Harrah’s Reno Hotel and Casino. The property which is based in downtown Reno will be sold to CAI Investments, a Las Vegas-based real estate group.  Its sale will earn the sellers […]

By Tomas Medon

Caesars Gets Clearance to Sell Rio All-Suite Hotel & Casino

October 11, 2019

Recently, reports emerged that Caesars Entertainment plans to sell its Rio All-Suite Hotel & Casino may be finally taking shape. These plans were initially announced on September 23 and are expected to be finalized before the end of the year. The gaming and hospitality establishment which is located just off the Las Vegas Strip is […]

By Tomas Medon

Caesars Entertainment Sells the Rio All-Suite Hotel & Casino

September 24, 2019

On Tuesday, September 23, Caesars Entertainment officially announced that it had reached an agreement to sell the Rio All-Suite Hotel & Casino. The gaming operators which is considered to be one of the most diversified casino and entertainment providers received a whopping $516.3 million from a company controlled by a principal of Imperial Companies. This […]

By Ameana Jones

MGM Backs Out of Talks to Acquire Encore Boston Harbor

May 23, 2019

MGM Resorts International has reportedly backed out of talks with Wynn Resort that involved the sale of the latter’s much-troubled Encore Boston Harbor casino resort. As it turns out, some of the reasons that prompted MGM to pull out of the talks to purchase the $2.6 billion property were some concerns that were raised some […]

By Tomas Medon

Treasure Island May Soon Purchase Caesars Properties

May 7, 2019

Phil Ruffin, the owner of Treasure Island has shown strong interest in buying Caesars Entertainment Corp. properties on the Strip. The news of Phil’s Ruffin’s interest in the properties as part of his strategy to expand his company’s portfolio comes amid reports that the largest Caesars Entertainment Corp. shareholder, Carl Icahn has been pushing for […]

By Grant Mahon

Carl Icahn Ups Stake to Become Caesars’ Largest Shareholder

March 11, 2019

Entities related to New York billionaire, Carl Icahn have in the past week purchased 38.9 million shares of Caesars Entertainment Corp. thus making him the largest shareholder in the behemoth casino operator. During a Friday filing with the United Securities and Exchange Commission, Mr. Icahn stated that he now owns 15.3 percent in company stock […]