Home / Business and Economy / Caesars Sold for $17.6B to Fertitta Entertainment
Caesars Sold for $17.6B to Fertitta Entertainment
28 May
Summary
- Caesars shareholders to receive $31 cash per share.
- Fertitta's acquisition expands footprint to 60 casino resorts.
- Deal offers access to online betting and 600+ Fertitta venues.
Caesars Entertainment has entered into a definitive agreement to be acquired by Fertitta Entertainment for approximately $17.6 billion in an all-cash transaction. Shareholders of Caesars will receive $31 per share, marking an 8% premium to Wednesday's closing price and a 49% premium since February 25, 2026. This deal is expected to significantly expand Fertitta's entertainment and hospitality footprint.
The combined entity will boast a vast portfolio, encompassing 60 casino resorts and gaming properties. Customers will gain access to extensive digital offerings, including online sports betting, iCasino, and poker through Caesars' platform, alongside retail sports betting via the William Hill brand. The acquisition also integrates over 600 Fertitta Entertainment venues, including Landry's restaurants and various attractions.
Caesars' board has approved the transaction and is recommending shareholders do the same. Notably, the agreement includes a "go-shop" window until July 11, 2026, during which Caesars and its advisors can solicit and negotiate alternative acquisition proposals from other interested parties.
