Market ‘not right’ for Caesars to sell

Home » Market ‘not right’ for Caesars to sell

Market conditions are cited by Caesars Entertainment CEO Tom Reeg as a reason why the company will not sell any of its Las Vegas Strip assets this summer, says CDC Gaming Reports.

He reaffirmed, however, that the company does intend to divest itself of one of its properties this year, which pundits reckon will favour either the Flamingo or Planet Hollywood.

VICI Properties, real estate company, has first refusal when Caesars does get around to selling.

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