TX based corporate entity that owns #HoustonRockets #NBA franchise, #GoldenNugget Casinos and iconic restaurants like Morton's and Bubba Gump Shrimp gambles $17+ billion to buy operatons of 50 struggling Caesar's, Harrah’s, Horseshoe and Eldorado casino locations.
The actual biz properties are valued at less than half the outstanding $12 billion dollars of deep debts!
https://www.hoteldive.com/news/caesars-fertitta-entertainment-acquisition/821357/

DEMNÄCHST!