Astros Formally Introduce Reid Ryan Sources: MLSE Initiates Search For GM Twitter Stream NBA Game Highlights Iranian Wrestling Team Exits Tour Bassmasters Inks Pair Of Sponsorships Classified Advertisements SMI Chair & CEO Bruton Smith Q&A Development Proposed For TD Garden Front Maloofs Agree To Deal With Sacto Group Billy Hunter Sues NBPA, Derek Fisher
Upcoming Conferences and Events
SBD/12/Sponsorships Advertising Marketing
BALLY'S BOSS TAKING ANOTHER PASS AT CAESARS?
Published December 12, 1994
Dan Dorfman reports that Bally Entertainment CEO Arthur Goldberg "appears to be coming back to the takeover wars." Goldberg is threatening to take over Caesars World. "Wall Street's reaction: ho-hum. That's despite the fact ... that Bally bought more than 1.5% of Caesars' shares." Bally is also seeking the FTC's OK to buy more than 15% of Caesar's stock. "Reason for the ho-hum: Goldberg's lack of credibility among many pros. In brief, he often buys stakes in companies and then dumps them after they move up in price." But Dorfman writes that Goldberg -- "aware his credibility is at stake" -- will not walk away "easily from his goal of snaring Caesars" (USA TODAY, 12/12).




