When the parent company of Golden Nugget Atlantic City reached a deal in May to buy casino giant Caesars Entertainment, the contract gave Caesars an out clause: They had until July 11 to find a better deal than the $17.6 billion that Texas mogul Tilman Fertitta offered.
So did they? No one is talking.
The deadline passed Saturday, and neither Caesars nor Fertitta Entertainment has publicly said a word about it. Both companies did not respond to daily messages since Saturday seeking comment.
Bloomberg reported last week that billionaire investor Carl Icahn, who once owned the former Trump Taj Mahal Casino Resort, Tropicana Atlantic City and Sands Atlantic City casinos, was putting together a bid to top the $31 per share offer from Fertitta, offering $33 per share.
