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$2.2 Billion Deal for Rockets Is a Casino Mogul’s Bet on Houston

By Tony Seruga

An American casino mogul is making a timely bet on Houston.

The owner of both the Golden Nugget gambling enterprise and the Landry’s restaurant empire, Tilman J. Fertitta, will pay $2.2 billion for the Houston Rockets basketball team. Buying a trophy asset as the city rebuilds from Hurricane Harvey makes for awkward timing. And yet the deal also suggests an abiding faith in the city to recover…

$2.2 Billion Deal for Rockets Is a Casino Mogul’s Bet on Houston

Categories : Private Equity

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