Casino Giant Caesars To Be Bought By Trump Ally And Houston Rockets Owner For $17.6 Billion
Casino giant Caesars Entertainment is set to be sold to Trump ally and hospitality billionaire Tilman Fertitta’s firm for $17.6 billion. The all-cash transaction includes the assumption of approximately $11.9 billion of Caesars’ outstanding debt, the company said in a press release. Shares of the casino increased 1.6% in morning trading, as per Reuters. The…