Caesars Entertainment has floated a potential sale of its primary property. It is not known whether buyers are lined up, or if individual assets will be sold separately. But speculation is rampant.
Phil Ruffin, owner of Treasure Island, has hinted at interest in acquiring some of Caesars’ assets, though refrained from divulging what he wanted.
The portfolio of Caesars is considerable, and presents a unique opportunity for investors, and a potential for monopolizing the Strip. Established casino groups may draw anti-trust concerns if they go after these sales.
What this means for Las Vegas is anyone’s guess.