Tag Archives: REITs
US – Caesars rejects MGM’s opening bid in battle of the REITs
Las Vegas’ two heavyweight casino groups are dusting themselves down after an opening round saw Caesars fend off a bid from MGM who wanted to buy 20 of its casino resorts. MGM had publicised a letter it sent to Caesars pitching the deal atUS$5.8bn. Whilst ultimately involving the two biggest gaming companies in Las Vegas,…
