If Caesars excluded Flamingo from the popular loyalty program, it would probably drop customer traffic. Prospective buyers are hesitant to take on such a project, particularly after paying nine figures for the facility.Īnother vital issue is that if a third party purchases the Flamingo, Caesars will remove the casino from the Caesars Rewards program. One of Caesars' concerns is that the Flamingo is outdated and needs repairs.
As expected, potential targets include private equity companies and other casino operators. Caesars is seeking more than $1 billion for the iconic Strip casino.īloomberg reported that several prospective purchasers had already responded negatively. According to a Bloomberg article, it hasn't found a buyer yet. The firm has had a bad run, but Caesars Entertainment is reportedly seeking a buyer for the renowned Flamingo Las Vegas Hotel & Casino.
