Klai Juba Wald announced that Mary Beth Higgins joined its board on 30 November 2024. Higgins previously held finance leadership roles at VICI Properties, Caesars Entertainment, Global Cash Access Holdings, Herbst Gaming and Camco, and was most recently chief executive of Affinity Interactive.
Higgins brings board-level gaming and finance experience to the hospitality architecture firm.
Quarter ended 30 September 2026
Quarter ended 30 September 2026
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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.
Rumours that Planet Hollywood or Flamingo could be sold are inaccurate, the source reports. The speculation followed Fertitta Entertainment’s $17.6bn acquisition of Caesars Entertainment. The purchase is expected to close next year.
Gaming & Leisure Properties chief executive Peter Carlino said on the company’s 31 July second-quarter earnings call that regional gaming demand remained strong. GLPI executives said they had made no commitments to invest in infrastructure for Bally’s Las Vegas and were noncommittal about potential deals linked to other casino assets.
New Orleans agreed to receive $103 million upfront from private equity firm TPG in exchange for the first nine years of rent on the Caesars New Orleans property. The remaining 23 years of the lease are unaffected, and the arrangement requires approval from the New Orleans City Council.
Gaming and Leisure Properties said a potential acquisition of Caesars Entertainment would likely have a neutral effect on its interests, according to comments by GLPI president Brandon Moore. GLPI’s rent coverage at Caesars-operated regional properties fell to 1.69x in the first quarter from 1.77x a year earlier; the effect on its leases remains undetermined.
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.