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.
The proposed transaction changes the timing of city rent revenue tied to a casino property and awaits council approval.
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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.
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.
Century Casinos agreed to sell the racing and gaming operations at Century Mile and Century Downs in Alberta to Highfield Investment Group for US$16.4 million (CAD$23.2 million). The transaction is expected to close in Q4 2026 or Q1 2027, subject to regulatory approvals and other closing conditions; Century said it intends to use the proceeds to reduce debt.
People Inc. withdrew its proposed $18bn acquisition of MGM Resorts International. People Inc. chairman Barry Diller said in a statement that the company had withdrawn its offer to buy all publicly held MGM shares.
Caesars Entertainment shareholders approved Fertitta Entertainment’s proposed acquisition at a special meeting, according to an SEC filing. The merger received 133,313,001 votes in favour and 4,276,986 against, with 5,687,952 abstentions; regulatory and other closing conditions remain. The all-cash deal values Caesars at $17.6bn including debt and offers $31 per share.