Casino consolidation chatter is alive, but not as vibrant as in past years Still high interest rates weighing on Las Vegas Strip asset sales Bolt-on, not transformational deals expected The casino industry is often a hotbed of consolidation rumors, but if chatter from the recently concluded Global Gaming Expo (G2E) is any indication, large-scale deal-making likely isn’t the near-term cards. Las Vegas Strip M&A activity is likely to be slow until interest rates fall more. (Image: Shutterstock) In a new report to clients, Stifel analyst Jeffrey Stantial notes that mergers and acquisitions (M&A) talk at G2E was subdued compared to prior years. That includes a muted outlook for asset sales on the Las Vegas Strip. Given larger average purchase price, Strip M&A appetite seems limited until interest rates come in further,” observes Stantial. That’s relevant to Caesars Entertainment (NASDAQ: CZR) and likely priced into the flailing stock. Caesars has long been rumored to be a candidate to offload one of…Read MoreCategory: Commercial Gaming, Financial, Las Vegas, Mergers and Acquisitions, Rumors, commercial gaming, mergers and acquisitions, rumorsSource: Casino.org