Will MGM and Caesar’s Merge?

Posted By: Date: 11/30/2018 at 12:33 pm Leave a comment

One of the two biggest resort companies in Las Vegas (with locations worldwide) could unite forces and work closely as a team. Both companies have dropped down in shares (Caesars 25% and MGM 15%) and while its trying times for both casinos, a merger does have its benefits.

If the two did merge, they would own half of the hotels & casinos in both Las Vegas and Atlantic City. Now that’s one heck of a stat! Keep in mind, Caesars recently turned down an offer from Golden Nugget billionaire. Will they say yes to MGM? Caesar’s is currently valued at $22 billion while MGM is sitting at $30 billion.

What do you think? Will they merge?

Happy Spinning 🙂

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