They are just a couple blocks apart in east Biloxi and both Golden Nugget and Harrah’s Gulf Coast casinos will be owned by the same company when a $17.6 billion sale is finalized.
The announcement of the sale of Caesars Entertainment to Fertitta Entertainment came Thursday, May 28, in a news release that calls the transaction “A transformational combination of two world-class companies.”
At first glance, it would seem Caesars is the Goliath in this deal, operating more than 50 casinos in 13 states and 5 countries. The Reno, Nevada-based casino, though, has amassed $11.9 billion in outstanding debt that will be assumed in the sale.
Eight Golden Nugget casinos are located in Biloxi, Nevada, New Jersey, Louisiana, Colorado and Illinois.
