HOUSTON – (Realty News Report) – Houston billionaire Tilman Fertitta is having serious discussions about acquiring Caesars Entertainment, owner of Caesars Palace and other casino hotels on the Las Vegas Strip, according to a report in the Wall Street Journal.
Fertitta’s possible acquisition, which is still under negotiation, could trade with a $7 billion price tag. The Wall Street Journal, quoting unnamed sources, said Fertitta Entertainment’s offer had surpassed a bid from investor Carl Icahn.
Fertitta is owner of the NBA’s Houston Rockets, the Golden Nugget casinos and hundreds of restaurants and hotels. Mr. Fertitta recently took a step back from day-to-day business activity, including his position as chairman of the Board of Regents at the University of Houston, after he was appointed U.S. Ambassador to Italy by President Donald Trump…