Eldorado Resorts and billionaire Tilman Fertitta, the owner of the Golden Nugget casino and Houston Rockets basketball team, are both actively considering a bid for Caesars Entertainment, people familiar with the talks told CNBC.
div > div.group > p:first-child"> Despite other published reports of Caesars' board being on the verge of approving a move to put the $24 billion company up for sale, a person close to the situation said, the board has made no decision, though it is open to the prospect of a sale if that's the most expeditious way to create value.
Billionaire activist investor Carl Icahn has recently increased his stake in Caesars and now owns nearly 15%, according to FactSet. In a deal with Caesars, Icahn added three new directors to the board. Those directors are getting up to speed, reviewing strategy and the company's standalone prospects, a person said.
Shares of Caesars are down 15 percent over the past year, but the stock has gained 36% since January, bringing its market value to $6.2 billion. On Thursday, shares were trading up nearly 3% at about $9.33.
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