Rumors Heat Up About Planet Hollywood Sale
Caesars Entertainment, on the heels of its recent merger with Eldorado Resorts, has not been shy about saying it’s looking to sell one or more of its Las Vegas resorts.
We’re putting our money on Planet Hollywood, and we predict a sale could be announced sooner rather than later.
Rumors about a potential sale of Planet Hollywood have circulated for some time now, but a source who asked to stay anonymous says he was recently laid off and an impending sale was given as the reason.
This rumor has not been officially confirmed.
As is the case with many industry rumors, this one’s hearsay, and Planet Hollywood’s owners haven’t tipped their hand about when the resort might be sold or when.
Also, no information is available about who the potential buyer might be. Previously, an Eldorado/Caesars official said “operators not on the Las Vegas Strip that want to be on the Las Vegas Strip” have expressed interest.
Speculation has included Hard Rock International, the Seminole tribe, as a potential buyer of Planet Hollywood. Hard Rock has also reportedly been in discussions with Las Vegas Sands about Venetian and Palazzo.
Hard Rock International has publicly expressed a strong interest in a return to Las Vegas.
We reached out to Caesars Entertainment and Hard Rock International for comment on this rumor, but no official response was received at the time of this story going live.
We’ll share more details as they become available.
If you have any information related to the rumored sale of Planet Hollywood, we’d love to hear from you.