{"id":251402,"date":"2023-01-04T20:58:18","date_gmt":"2023-01-05T02:58:18","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=251402"},"modified":"2023-01-05T12:00:54","modified_gmt":"2023-01-05T18:00:54","slug":"msg-entertainment-explores-tao-group-sale-fertitta-the-rumored-buyer-report","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/msg-entertainment-explores-tao-group-sale-fertitta-the-rumored-buyer-report\/","title":{"rendered":"MSG Entertainment Explores Tao Group Sale, Fertitta the Rumored Buyer: Report"},"content":{"rendered":"
Madison Square Garden Entertainment Corp. (NYSE:MSGE) has hired Goldman Sachs to explore a sale of its controlling interest in the Tao Group nightclub and restaurant empire, according to a report in the New York Post.<\/em><\/p>\n The money is needed to offset the ballooning construction cost of the MSG Sphere in Las Vegas, the Post<\/em> wrote. And the rumored front-runner to pony up is Tilman Fertitta.<\/p>\n The report, which relies on information from two anonymous insiders, said the billionaire hospitality titan \u2013 whose empire includes Golden Nugget casinos in Nevada, Louisiana, Mississippi, and New Jersey, as well as the NBA\u2019s Houston Rockets \u2013\u00a0 is rumored to have already submitted a first-round bid for Tao Group.<\/p>\n