Billionaire buyouts of MGM and Caesars would privatize 25 Nevada casino resorts, reducing public oversight
By
Howard Stutz
Summary
Two billionaires are pursuing buyouts of MGM Resorts International and Caesars Entertainment, the two largest casino operators on the Las Vegas Strip. The proposed deals, valued at a combined $35.6 billion, would put 25 Nevada resorts (including 16 on the Strip) into private hands. This shift from public to private ownership would mean less public scrutiny and fewer financial reporting requirements for these major gaming companies that operate properties across more than a dozen states.
Source
bskyBillionaire buyouts of MGM and Caesars would privatize 25 Nevada casino resorts, reducing public oversightthenevadaindependent.comKey quotes
· 3 pulledProposed buyouts of MGM and Caesars would put 25 Nevada resorts into private hands, meaning less public scrutiny and fewer financial reporting requirements.
A pair of billionaires could soon take ownership of two of the largest gaming companies and control 25 resorts in Nevada — including 16 properties on the Strip.
Proposed deals for MGM Resorts International and Caesars Entertainment, the Strip's two largest casino operators, have a combined value of $35.6 billion and have properties in more than a dozen states.
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