American land casino giants Caesars Entertainment and Golden Nugget could be in merger talks, this according to a report from Reuters.
The report claims that Tilman Fertitta has contacted Caesars executives to discuss a potential deal. Fertitta would reportedly see the Golden Nugget purchased by Caesars, but would have the billionaire controlling the combined company. Fertitta has built an empire for himself, as he oversees the lucrative Landry's restaurant line and owns the Houston Rockets pro basketball team.
The executive has reportedly offered $13 per share, but this is speculation and not an official announced amount. After the talks were reported on, Caesars stock shot up by nearly 15% and sat at $10.47 at press time.
Casino Listings News is following this story and will keep readers abreast as official details on the merger talks are revealed.