Caesars Entertainment has denied speculation that its Planet Hollywood or Flamingo properties in Las Vegas are being sold. The rumours followed Fertitta Entertainment’s planned $17.6 billion acquisition of Caesars, which is expected to close next year; the source says neither property is currently up for sale.
The denial distinguishes the planned Caesars acquisition from unconfirmed claims about which Las Vegas assets might be sold.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
Fertitta Entertainment is reportedly in talks to acquire Caesars Entertainment for about $34 a share, according to a media report. The reported proposal exceeds Carl Icahn’s competing all-cash offer of roughly $33 a share, but negotiations could fail and Caesars has not formally rejected Icahn’s offer.
Reportedly, the chief executives of Wynn Resorts, MGM Resorts International and Caesars Entertainment reaffirmed Las Vegas's central role in US gambling at G2E on Tuesday. The speakers included Wynn Resorts chief executive Craig Billings, MGM Resorts International chief executive Bill Hornbuckle and Caesars Entertainment chief executive Tom Reeg.
Caesars Entertainment reported third-quarter revenue of $2.9bn, up 2.5% year on year, and a net loss of $123m. Its adjusted EBITDA was $865m, while Caesars Digital’s adjusted EBITDA rose to $44m from $28m in Q3 2025. Separately, reports say chief executive Tom Reeg will lead Fertitta Entertainment’s leisure operations after its planned acquisition of Caesars; the report says Caesars skipped its quarterly call while a definitive agreement is pending.
Texas Capital analyst David Bain lowered estimates for Boyd Gaming ahead of its third-quarter results, due on 22 October, while retaining a buy rating and a $106 price target. Bain cited valuation and possible growth catalysts, including a fourth-quarter recovery in Las Vegas locals and other regions; Boyd could also consider assets Caesars Entertainment may sell, although no venues have been put on the market.
MGM Resorts and Caesars Entertainment are staying outside prediction markets because of potential risks to their casino licences. MGM CEO Bill Hornbuckle said Nevada regulators warned participation could affect licensing, while Caesars CEO Tom Reeg indicated entry depended on protecting existing licences.