Casinos · Today in Vegas · November 10, 2026
Reddit Had Caesars Selling Planet Hollywood After Fertitta's $17.6 Billion Deal. Vital Vegas Says the Rumor Is Zero Percent True.
A thread on the Vegas subreddit claimed Planet Hollywood could be sold after Tilman Fertitta's company completes its $17.6 billion purchase of Caesars Entertainment next year, as the new owner looks to pay down debt, according to Casino.org. Another forum briefly floated the Flamingo as a sale candidate, and MGM Resorts, already the largest operator on the Strip, was named as a possible Planet Hollywood buyer. Casino.org reported that neither rumor is accurate.
Vital Vegas weighed in on November 8, posting: "We've confirmed this rumor is zero percent true." Casino.org noted that Caesars CEO Tom Reeg, who is expected to lead the combined company, has previously hinted that some asset sales may happen when the deal closes, and that there is chatter those sales could include a Strip property or the Golden Nugget in downtown Las Vegas, which Fertitta Entertainment owns.
Both properties have been here before. Planet Hollywood sale talk surfaced in 2021 and quickly died, likely because the resort makes money for Caesars, Casino.org reported, and in 2022 reports said Caesars was shopping the Flamingo before prospective buyers balked at an unconfirmed $1 billion asking price. Caesars owns the real estate under both Planet Hollywood and the Flamingo, unlike Caesars Palace and Harrah's, whose land belongs to VICI Properties.
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