{"id":3376,"date":"2026-07-10T13:37:49","date_gmt":"2026-07-10T13:37:49","guid":{"rendered":"https:\/\/www.bettingjobs.com\/?p=3376"},"modified":"2026-07-16T13:41:18","modified_gmt":"2026-07-16T13:41:18","slug":"tick-tock","status":"publish","type":"post","link":"https:\/\/www.bettingjobs.com\/bettingjobs-earningsandmore-partnership\/tick-tock\/","title":{"rendered":"Tick, tock"},"content":{"rendered":"<p><strong>Running down the clock:<\/strong> Activist investor and long-term shareholder in Caesars Entertainment, Carl Icahn, has until today to lodge a bid to rival that of Fertitta Entertainment\u2019s $31-a-share offer.<\/p>\n<ul>\n<li>Caesars Entertainment accepted Fertitta\u2019s bid but attached a go-shop period that expires today.<\/li>\n<li>Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-07\/jefferies-shops-5-billion-debt-for-icahn-s-possible-caesars-bid\">reported this week<\/a> that Jefferies is sounding out investors for ~$5bn of debt to support a possible rival bid from Icahn, pitched at $33-a-share against the Fertitta all-cash offer.<\/li>\n<li>Separately, the Icahn-supported board member Courtney Mather stepped down earlier this week with no reason given.<\/li>\n<\/ul>\n<p><strong>Believe it when I see it:<\/strong> The market is not convinced Icahn will manage it. Caesars stock rose 1.1% on Tuesday, to $30.35, on the initial Bloomberg report, before retreating to $29.82 at Wednesday\u2019s close as a <a href=\"https:\/\/www.msn.com\/en-us\/money\/other\/caesars-edges-lower-on-report-that-icahn-bid-unlikely-to-beat-fertitta-deal\/ar-AA27tRG9?ocid=finance-verthp-feeds\">subsequent CNBC report<\/a> judged an Icahn bid unlikely to beat the Fertitta deal.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/earningsandmore.substack.com\/p\/tick-tock-5ee\">Like what you are reading? CLICK here to read the FULL article!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Running down the clock: Activist investor and long-term shareholder in Caesars Entertainment, Carl Icahn, has until today to lodge a bid to rival that of Fertitta Entertainment\u2019s $31-a-share offer. Caesars Entertainment accepted Fertitta\u2019s bid but attached a go-shop period that expires today. Bloomberg reported this week that Jefferies is sounding out investors for ~$5bn of&hellip;<\/p>\n","protected":false},"author":13,"featured_media":3378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[24],"tags":[],"class_list":["post-3376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bettingjobs-earningsandmore-partnership"],"acf":[],"post_author_name":"","post_authors_type":"","post_authors_from_team_members":false,"_links":{"self":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/comments?post=3376"}],"version-history":[{"count":1,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3376\/revisions"}],"predecessor-version":[{"id":3379,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3376\/revisions\/3379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media\/3378"}],"wp:attachment":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media?parent=3376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/categories?post=3376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/tags?post=3376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}