Caesars has no confirmed plans to sell Planet Hollywood or Flamingo
Deals & M&A1 min read
No specific Caesars Entertainment property sales have been confirmed following Tilman Fertitta’s acquisition, and social media speculation has named Planet Hollywood and Flamingo. Caesars chief executive Tom Reeg has said asset sales are among the possible options, but the properties have also been subject to sale rumours predating the acquisition.
No specific property sales have been officially confirmed following the Fertitta acquisition, despite social media speculation about Planet Hollywood and Flamingo, according to Gambling News. Caesars CEO Tom Reeg, expected to run the company temporarily, has identified asset sales as an option.
The first indications that Planet Hollywood might leave Caesars’ portfolio were traced to 2021, before Fertitta’s acquisition, according to Gambling News. Suggestions that Caesars might sell Flamingo have circulated since at least 2022. Caesars owns both the real estate and the operations at Flamingo and Planet Hollywood.