An acquisition of Caesars Entertainment Inc. by Golden Nugget-owner Tilman Fertitta could prompt a number of casino sales, since the two operators own competing properties in several markets.
There’s “potential for forced/opportunistic asset sales” in six of the eight markets in which Golden Nugget owns casinos, according to JP Morgan Securities analyst Daniel Politzer.
The markets are Las Vegas, Lake Tahoe and Laughlin, Nevada; Lake Charles, Louisiana; Atlantic City, New Jersey; and Biloxi, Mississippi, Politzer said in a research note on Friday. Asset sales could generate as much as $2.3 billion, Politzer estimates.
