Caesars hasn't said much about the sales process, but CEO Tom Reeg brought it up on the call to discuss the second quarter's financial results.
"The period outlined in the VICI documents that control this is pretty clear. Since the deadline is at the end of the summer, we debuted early this year.
Additionally, every deadline I've ever seen in deal land involves effort "added he.
The corporation made those remarks on August 2, and as we approach the end of September, the property has still not been sold. The deadline may have already past
or the business may have changed its terms with VICI Properties (VICI) - Get VICI Properties Inc. Report, which has first dibs on the property.
"There are many people that are interested in us and there. The financial climate is undoubtedly what it is. There comes a point when we won't pursue it if it would affect how much someone will pay.