Two high-level executives from Fertitta Entertainment, which has a deal to acquire Caesars Entertainment, will appear before Nevada regulators Wednesday as part of the first step in the duo obtaining a state license.
The agenda item before the Nevada Gaming Control Board is for two applications for suitability as a director for Fertitta Entertainment. The three-member Board, however, uses the proceedings to ask applicants questions about the latest developments within their organization.
Caesars Entertainment is also on the agenda in an unrelated matter.
In late May, Caesars announced that it entered into an agreement to be acquired by billionaire Tilman Fertitta and his company in an all-cash transaction valued at $17.6 billion that would take the company private. In the deal, which includes a “go-shop” period through July 11 for Caesars to consider other offers, Fertitta will assume $11.9 billion of Caesars’s outstanding debt.
Under the terms of the agreement, Caesars shareholders will receive $31 in cash for each outstanding share. The consideration represents a 49% premium over Caesars’s unaffected share price as of February 25, the last trading day before rumors of a potential transaction emerged. It’s also a 46% premium over the unaffected 30-day volume-weighted average price as of the same date.
Richard Liem, Fertitta’s chief financial officer and vice president, is scheduled to appear, along with Fertitta’s General Counsel and Executive Vice President Steven Scheinthal. Both are considered key figures in Fertitta’s business empire. Liem manages the financial operations for Golden Nugget casino and the Landry’s restaurant chain. He also directs the long-term financial strategy. Scheinthal has served as Fertitta’s primary legal strategist and closest business advisor since 1992. He oversees legal and corporate affairs for the company’s vast portfolio, including Landry’s, Golden Nugget casinos, and the Houston Rockets. Scheinthal has directed all mergers and acquisitions, including the acquisition of the Rockets in 2017.
MGM Resorts International is also scheduled to appear before regulators as part of an agenda item on a continuous public offering.
Media mogul Barry Diller’s company, People Inc., has made a massive reported buyout offer of roughly $18 billion to acquire MGM. Diller, who serves on the MGM board, has been a key figure tied to the company’s stock.
Regulators will also hear from the San Manuel Gaming and Hospitality Authority, owners of the Palms Casino Resort. General manager Kevin Glass is up for a licensing as a key employee. He was named to the position in September after serving as the assistant general manager since March 2025; prior to that, he spent more than three years as vice president of hospitality. Glass, who worked as general manager at the Downtown Grand in downtown Las Vegas for nearly six years, was named “Hotelier of the Year” in 2023 by the Nevada Hotel and Lodging Association.
Former General Manager Stephan Thayer left the casino in June 2025 after working at the property for less than a year.
The agenda also includes a license for Caesars Entertainment’s taking over the Westgate Las Vegas sportsbook, known as the SuperBook. The arrangement was announced in April pending regulatory approval.
With a planned transition prior to football season, Caesars will oversee race and sportsbook operations and technology, expanding wagering options and access, while preserving the identity, scale, and atmosphere that have defined the SuperBook for decades, the companies announced.
On Monday, Caesars announced it will release its financial results for the second quarter on July 28.
“Considering the company’s pending merger agreement with Fertitta Entertainment announced on May 28, 2026, Caesars will not host an earnings call this quarter,” Caesars said in a statement. “Upon completion of the proposed merger agreement, Caesars’ common stock will no longer be listed on NASDAQ, and the company will become a private entity.”
Boomer’s Sportsbook also returns to the agenda to extend its offerings to two more casinos, Baldini’s Sports Casino in Sparks and the Longstreet Inn & Casino in the Amargosa Valley.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source cdcgaming.com ’
