{"id":2435754,"date":"2026-05-28T16:22:49","date_gmt":"2026-05-28T16:22:49","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2435754"},"modified":"2026-05-28T16:22:49","modified_gmt":"2026-05-28T16:22:49","slug":"caesars-acquired-by-fertitta-entertainment-in-17-6b-deal","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/caesars-acquired-by-fertitta-entertainment-in-17-6b-deal\/","title":{"rendered":"Caesars acquired by Fertitta Entertainment in $17.6B deal"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <br \/>\n        Listen to the article<\/p>\n<p>            <span class=\"text-to-speech__button__audio-length\">2 min<\/span><\/p>\n<p>    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/text-to-speech.divecdn.com\/newspost\/821357\/2026-05-28_11.05.09\/caesars-fertitta-entertainment-acquisition.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.hoteldive.com\/contact\/\">feedback<\/a>.\n        <\/div><\/div>\n<\/div>\n<p>Caesars Entertainment is being acquired by Fertitta Entertainment in a deal valued at $17.6 billion.\u00a0<\/p>\n<p>On Wednesday, resort operator <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001590895\/000119312526242995\/d143382d8k.htm\">Caesars Entertainment entered into a definitive merger agreement<\/a> with American hospitality, dining and gaming conglomerate Fertitta Entertainment, according to a filing with the U.S. Securities and Exchange Commission. In an all-cash transaction, Fertitta Entertainment will pay roughly $5.7 billion to acquire Caesars, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/fertitta-entertainment-announces-definitive-agreement-to-acquire-caesars-entertainment-in-17-6-billion-transaction-302783985.html\">also taking on approximately $11.9 billion of Caesars\u2019 outstanding debt<\/a>, bringing the deal\u2019s total value to $17.6 billion, a Thursday news release detailed.\u00a0<\/p>\n<p>Through the agreement, Caesars shareholders would receive $31 in cash for each outstanding Caesars\u2019 share, representing a 49% premium over Caesars\u2019 unaffected share price as of Feb. 25, per the release. Caesars shareholders must approve of the deal for it to close.\u00a0<\/p>\n<p>The combination would bring together two \u201ciconic and highly complementary platforms,\u201d per the release, including Caesars\u2019 eight locations on the Las Vegas Strip: Caesars Palace, Harrah\u2019s, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo and The Cromwell. Meanwhile, Fertitta Entertainment brings Golden Nugget Hotels &amp; Casinos and its Landry\u2019s restaurant brand to the table.\u00a0<\/p>\n<p>The combined company would offer 60 domestic casino resorts and gaming facilities; online gaming, including sports betting, iCasino and Poker, through Caesars\u2019 digital platform; retail sports betting; and more than 550 Fertitta Entertainment outlets, including some 450 Landry\u2019s full-service restaurants.\u00a0<\/p>\n<p>The deal would also join the companies\u2019 loyalty programs, including Caesars Rewards, Golden Nugget\u2019s 24 Karat Select Club and Landry\u2019s Select Club.\u00a0<\/p>\n<p>The leadership teams of both companies are expected to remain in place, leading the combined companies\u2019 operations, per the release. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.hoteldive.com\/news\/Caesars-posts-solid-Q1-Las-Vegas-in-healthier-spot\/818799\/\">Tom Reeg is CEO of Caesars<\/a>, while Tilman Fertitta is the CEO of Fertitta Entertainment.\u00a0<\/p>\n<p>The transaction is also subject to the satisfaction of customary closing conditions, including certain regulatory approvals, per the release.<\/p>\n<\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.hoteldive.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Caesars Entertainment is being acquired by Fertitta Entertainment in a deal valued at $17.6 billion.\u00a0 On Wednesday, resort operator Caesars Entertainment entered into a definitive merger agreement with American hospitality, dining and gaming conglomerate Fertitta Entertainment, according [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2435755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2435754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/Caesars-acquired-by-Fertitta-Entertainment-in-176B-deal.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2435754"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435754\/revisions"}],"predecessor-version":[{"id":2435756,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435754\/revisions\/2435756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2435755"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2435754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2435754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2435754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}