Forum Shops at Caesars Palace are also owned by Caesars Entertainment
Oh how the mighty have fallen.
Hot off the Facebook IPO comes Caesars Entertainment re-entering the IPO waters for an ultra low $9. Hey, that’s less than a minimum bet at their blackjack tables.
The hope is to raise $18 million… for what, we’re not sure. Particularly since they were originally trying for an IPO to raise $500 million, then tried again last year to raise $50 million.
The $18 million is more in line with what will be expected, and it will be used to fund general projects. This doesn’t exactly put it on the scale of The Linq, the $500 million observation wheel project which they went ahead with despite not raising the estimated cost.
That Linq, by the way, is already in progress, as the back roads behind Harrah’s and Imperial Palace have been closed (the roads we use from Flamingo and Koval to sneak into the garages).
You may remember that Caesars was once public not that many years ago, back when they were Harrah's before being purchased by private equity companies.
