Word surfaced late last week that there could be a possible merger between Caesars Entertainment and Golden Nugget Casinos. Caesars had allegedly been contacted by Golden Nugget’s CEO, Tilman Fertitta, about the deal, which would have seen Caesars make the purchase and Fertitta be instituted as the new company’s CEO. It would now appear that Caesars has no desire to entertain any type of merger with Golden Nugget.

According to an article by the New York Post, Caesars’ board, on which Apollo Management and TPG have seats, is rumored to be prepared to unanimously turn down the deal. The rejection is expected to occur at some point this week, with the board deciding that it would result in too much debt for the company. Seeing as how it’s only a year out of bankruptcy for having too much debt, it seems like a wise decision.

Caesars is still trying to dig its way out of the financial hole it dug for itself over the past ten years. The company is still looking for ways to unload $9 billion in debt and any merger would only add to its troubles. Putting it mildly, one source close to Caesars told the New York Post, “That is certainly not attractive.”

In 2008, Caesars was involved in a leveraged buyout worth $25 billion. That deal cost the company greatly and it was forced to file for bankruptcy in 2015.