Raw Deal for Nugget?<\/strong><\/h2>\nIt\u2019s particularly galling for Fertitta because, at the time the rules were drawn up, both Caesars and MGM also owned sports teams.<\/p>\n
Private equity investor Josh Harris, who then part-owned 5.7 percent of Caesars Entertainment through his company Apollo Global Management, also part owns the Philadelphia 76ers, the New Jersey Devils, and EPL team Crystal Place.<\/p>\n
But because his stake in Caesars was lower than 10 percent, the company\u2019s three Atlantic City properties were exempted. This would not likely have been the case prior to Caesars\u2019 bankruptcy reorganization, which wrapped up the year before. Apollo sold remaining equity in Caesars in March of this year.<\/p>\n
Meanwhile, MGM owns 100 percent the WNBA\u2019s Las Vegas Aces, but gets of the hook because the team generates less than one percent of the group\u2019s total revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Golden Nugget in Atlantic City could soon be offering NBA betting if a bill introduced this week to the New Jersey legislature gets the green light. The Nugget is currently barred from taking wagers on pro basketball games because its owner, Texas native Tilman Fertitta, also happens to be the owner of the Houston […]<\/p>\n","protected":false},"author":36,"featured_media":107417,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,16,1074],"tags":[],"acf":[],"yoast_head":"\n
New Jersey Legislature to Reconsider Golden Nugget\u2019s NBA Betting Ban<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n