Quote:
Originally Posted by dhubermex
Not sure if this is news, more rumors, or something else.
Rumor says that Carl Icahn will gain a fourth board seat on 04/15 if Caesars hasn’t found a new CEO by that time. It’s no secret that he wants for Caesars Entertainment to put itself on the market and the NY Post recently reported that’s supposed to happen as soon as next week.
Hard to imagine Caesars is selling the Rio while in negotiations for a merger? I obviously have zero inside knowledge but common sense would say that the Rio won’t be sold before those takeover discussions are settled?
No matter what, odds of the Rio still being around in 5 years are minuscule.