Caesars Nonetheless Plans Sale of a Strip Property Quickly • This Week in Playing
Caesars Leisure has confirmed that they’re nonetheless planning to promote one in every of their properties on the Las Vegas Strip… they’re simply not is a rush to do it. Particularly whereas the pandemic remains to be hurting the economic system.
With Coronavirus nonetheless lurking within the shadows, a Caesars government stated that they are going to wait to promote any resort till the market rebounds after the pandemic.
There had been rumors of the San Manuel Band of Mission Indians may very well be a suitor. Nonetheless, they simply accomplished a purchase order of the Las Vegas Palms for $650 million.
Caesars CEO Tom Reeg stated that that it makes since for the corporate to attend some time earlier than promoting a property, saying “…it doesn’t make sense for us to market an asset till we will promote it off the money move that we’re doing with it.”
You may learn extra on the Las Vegas Review-Journal.