Unlike this extremely fake, canned photo above — some people made some real money this week. One of them is Robert Kraft.
Caesars began trading on the Nasdaq Stock Market yesterday. Prior to the initial public offering, the company had to disclose shareholders in a regulatory filing. One of those share holders if Robert Kraft. Robert Kraft’s company owned about 85,000 pre-IPO shares in the firm.
Yesterday the stock was sold to some lucky investor’s at $9 a share. After the opening bell, the stock shot up 71% to close at $15.39.
To add some color; 85,000 shares times $15.39 comes to $1.3 million and change.
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Kraft has ambitions to build a resort-style casino across from Gillette Stadium in Foxboro.
I’m not a Foxboro resident. And, thus, I don’t really have a strong opinion on Kraft’s casino desires. However, I do think Foxboro is as good a location as any.
Some people disagree.
Kraft should step away from casino plans
I am outraged at Ro...
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