Insiders say James Dolan wants a premium price well above Morgan Stanley’s valuation as Tao expands beyond its New York City and Las Vegas base to the Middle East. Houston Rockets and Golden Nugget Casino owner Tilman Fertitta is a rumored suitor for Tao, one of the sources said. The New York mogul’s Madison Square Garden Entertainment - the conglomerate that owns not only the landmark home to the New York Knicks and Rangers, but also Radio City Music Hall and the Rockettes, among other properties - has hired Goldman Sachs to explore a sale of Tao Group, sources close to the situation said.įirst-round bids for Tao - whose pricey clubs have long been playgrounds for Wall Street financiers and celebrities like Leonardo DiCaprio, Bella Hadid and Justin Bieber - are being submitted now, two sources with knowledge of the situation said. The Moxy hotel is getting Tao Group’s food and drinksīillionaire James Dolan has quietly moved to auction off the upscale Tao nightclub and restaurant chain - a move that insiders said looks like a desperate bid to fund the ballooning tab for a costly project in another arm of his entertainment empire, The Post has learned. Tao Group to open first breakfast joint in Midtown James Dolan sells Tao to PokerStars founder for $550M NYC hotspots ‘targeted’ by ‘racist,’ ‘violent’ man: lawsuit
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