Caesars Entertainment Acquisition Rumors Continue, MGM Resorts Mulling Takeover

Rank
Bonus
Rating
Visit
1
100% up to £100
18+, opt-in required. Deposits with Skrill, PayPal, Neteller and Paysafecard not eligible. Casino bonus: min. £10, max. £100. Bonus/free spins winnings wagering requirement: x 35. Max. bonus bet: $7.50, €7.00, £5.00, can vary. begambleaware.org
2
150% up to £500
New Players only, 10 Spins on Signup only on Starburst, 100 x Wagering on winnings, SMS Validation reg, No Deposit required, T&C's Apply. Welcome Bonus on first 3 deposits only, Min deposit £10, Max Bonus £500 + 100 Spins on Cleopatra, Selected slots only, 4 x Conversion, 30 x Wagering, T&C's Apply.
3
100% up to £5 No deposit
New players only. Max conversion £20. Selected slots only. SMS validation required.No deposit required. 100 x wagering. T&CS apply.18+
4
100% up to £50
£10 minimum deposit required to qualify for a 100% match bonus + 25 Free Spins. Maximum bonus is £50. 25 Free Spins for Gringos Dineros per player. Free spins are valid for 7 days. Free spins winnings paid in bonus and capped at £2.50. 18+
5
100% up to 25 Free Spins
New Games customers only. Sign up using promo code ‘GAMES’. Deposit and stake £5 or more to receive 25 Free Spins on selected games. Free Spins credited within 24 hours. Free spin equal to 20p per spin. The 25 free spins are only available on games Genie Jackpots, King Kong Cash, The Naked Gun or Ted. Any winnings from free spins will be paid as cash. Free Spins expire after 7 days. No wagering requirements applicable to free spins. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required.Full T&Cs apply.
6
300% up to £30
18+. New customers only. Min £10 total stake on qualifying games. £10 Bonus, subject to 24x wager req. £10 Free Spins (20p each). £10 Golden Chips (£1 each). PayPal, certain deposit types and countries excluded. All bonuses valid for 30 days (bonus and winnings removed) on selected games.T&Cs Apply
7
150% up to £150
New players only. Wagering occurs from real balance first. 20 x wagering any winnings generated from free spins, contribution may vary per game. The wagering requirement is calculated on bonus bets only. Free spin is valid for 7 days from issue. Max conversion: £/$/€ 5 or 50 kr. Full Terms apply. Full Terms apply.
8
150% up to £/$/€950 + 95 Free Spins
New Players Only. Wagering occurs from real balance first. 50 x wagering the bonus or any winnings generated from free spins, contribution may vary per game. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 Days/ free spins valid for 7 days from issue. Max conversion: 5 times the bonus amount or from free spins: $/£/€ 20 or 200 kr. Full Terms apply.

The future of Caesars Entertainment is as unclear as ever, as another company is rumored to be interested in acquiring the large casino giant that recently exited bankruptcy.

Caesars Entertainment acquisition MGM Resorts

Caesars Entertainment CEO Mark Frissora remains in power of the gaming empire amid much speculation of the company's future. (Image: Caesars Entertainment/Robert Alexander/Getty/Casino.org)

The New York Post claims MGM Resorts is the latest casino operator to be mulling a takeover bid for Caesars Entertainment. Sources tell the media outlet that executives at MGM believe a so-called “friendly deal” to merge Las Vegas' two largest gaming companies could be in the best interest of both organizations.

The news comes just a week after Golden Nugget billionaire Tilman Fertitta made Caesars an offer for a reverse takeover. Caesars hasn't formally responded to the proposal, but many sources say Fertitta's $13 per share tender will be rejected.

Golden Nugget, nor MGM Resorts, have publicly confirmed an interest in buying Caesars.

Caesars Hires Goldman Sachs

The same sources that relayed MGM's interest in Caesars to the Post additionally reveal that Goldman Sachs has been hired by Caesars to defend the company from activist investors.

Last month, HG Vora Capital, a New York hedge fund, quietly obtained a 4.9 percent stake in Caesars Entertainment. The fund is known for “rattling the cages of gaming companies,” and was said to be pushing for Caesars CEO Mark Frissora's ousting.

Goldman Sachs, one of the largest investment and banking firms in the world, will advise the Caesars board on its best path forward amid numerous pressure and takeover presentations.

“The Caesars shareholders want something to happen,” a gaming analyst told the Post. “Frissora knows he can't ignore them.”

Fertitta's plan would have aligned Golden Nugget with Caesars, and the billionaire would assume the chief executive role and replace Frissora.

HG Vora Capital executives are unhappy with recent decisions made by Caesars leadership, specifically its paying of $1.7 billion to buy two horse racetrack casinos in Indiana. Caesars officially emerged from bankruptcy in October of 2017.

The company wants to lessen its dependency on gaming, and use its hotel brands in new markets. Caesars has reached non-gaming branding deals in Dubai and Puerto Los Cabos, Mexico.

Caesars also announced earlier this year the licensing availability of four of its core identities for hotel proprietors – Caesars Palace, Flamingo, The Cromwell, and The Linq.

Caesars, like every other major gaming company on planet Earth, is also hoping to land a license to do business in Japan's forthcoming commercial gaming industry. Late last month, Caesars unveiled plans for an integrated resort in Yokohama.

Caesars Stock

It's been a bumpy month for Caesars Entertainment shares. Traded on the NASDAQ, the stock has fluctuated wildly on the various news.

A month ago today, shares were trading at $10.20. They fell earlier this month to $8.85, or more than 13 percent. Then came the Fertitta news, and shares skyrocketed back to the $10.20 mark.

With no formal response from Caesars, the stock has slid over the last few days, and is currently at $8.90 during early Friday trading.

The post Caesars Entertainment Acquisition Rumors Continue, MGM Resorts Mulling Takeover appeared first on Casino.org.

Original source: https://www.casino.org/news/caesars-entertainment-acquisition-rumors-continue-mgm-interested

About the Author: AC

A player on the Horses for over 20 years. I currently bring my expertise in Sports betting to maintain and promote my related websites. I'm always looking out for the next angle to talk about on my sites and improve on my and ultimately your betting success. Good luck to all.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *