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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,…