Fertitta Entertainment Just Bought Caesars In The Biggest Casino Deal Ever
Fertitta Entertainment agreed to acquire Caesars Entertainment for $17.6 billion, creating the largest casino deal in American history.Summary
Fertitta Entertainment announced Thursday that it has agreed to acquire Caesars Entertainment in an all-cash deal valued at approximately $17.6 billion, including the assumption of roughly $11.9 billion of Caesars' outstanding debt. Caesars shareholders will receive $31 per share, a 49 percent premium over the stock's unaffected price as of February 25, 2026. If completed, the deal will be the largest casino acquisition in American history, absorbing the brand that has anchored the Las Vegas Strip since Caesar's Palace opened in 1966 into Fertitta's sprawling Houston-based hospitality and entertainment empire. The combined entity will contain approximately 60 domestic casino resorts and gaming facilities, a number that will draw scrutiny from gaming regulators. The existing Caesars management team is expected to remain in their roles after the acquisition closes.
(Source：Artvoice)