{"id":2435995,"date":"2026-05-28T21:22:13","date_gmt":"2026-05-28T21:22:13","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2435995"},"modified":"2026-05-28T21:22:13","modified_gmt":"2026-05-28T21:22:13","slug":"tilman-fertitta-to-acquire-caesars-entertainment-for-5-7b","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/tilman-fertitta-to-acquire-caesars-entertainment-for-5-7b\/","title":{"rendered":"Tilman Fertitta to acquire Caesars Entertainment for $5.7B"},"content":{"rendered":"<p><\/p>\n<div data-module=\"content\">\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">Tilman Fertitta is about to add a lot more hotels and casinos to his hospitality empire.<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">The business mogul\u2019s Fertitta Entertainment has a deal to acquire the giant Caesars Entertainment in a deal valued at $17.6 billion, comprised of\u00a0$5.7 billion in cash and $11.9 billion in assumed debt.<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">Las Vegas-based Caesars operates more than 50 U.S. resorts and casinos, including Caesars Palace, Harrah\u2019s and Paris Las Vegas. It also runs dozens of restaurants in those venues including concepts by Gordon Ramsay and Bobby Flay.<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">According to its website, Caesars is the largest gaming company in the U.S. and has the largest loyalty program in the industry.\u00a0<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">It will join Fertitta\u2019s own massive portfolio of more than 550 dining and entertainment venues, including seven Golden Nugget casinos and restaurants like Rainforest Cafe, Del Frisco\u2019s, Bubba Gump Shrimp Co. and dozens of other brands under the Landry\u2019s umbrella. Fertitta also owns the Houston Rockets NBA franchise.<\/span><\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\"><span data-testid=\"related-article-title\" class=\"RelatedArticle-Title\">Related:<\/span><a rel=\"nofollow\" target=\"_blank\" class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.nrn.com\/mergers-acquisitions\/daddy-s-chicken-shack-acquired-by-new-jersey-multi-concept-group\" target=\"_self\" data-discover=\"true\">Daddy\u2019s Chicken Shack acquired by New Jersey multi-concept group<\/a><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">A press release on Thursday hailed the deal as a \u201ctransformational combination\u201d of \u201ctwo of the world&#8217;s premier hospitality and gaming companies.\u201d<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">Fertitta Entertainment said it was particularly enthused about combining its Landry\u2019s and Gold Nugget loyalty programs with Caesars Rewards, which it believes will create the leading loyalty system in the hospitality industry. After the deal closes, members will be able to access rewards at a wide variety of properties both in Vegas and elsewhere.<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">Caesars last year generated $11.5 billion in revenue, a 2.7% year-over-year increase. Its stock surged to all-time highs coming out of the pandemic, but has come back down to earth in recent years as Vegas tourism has slowed sharply. The sale price represented a 49% premium on Caesars\u2019 share price as of Feb. 25, the day before rumors of a transaction began to circulate.\u00a0<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">According to Forbes, Fertitta Entertainment did $5 billion in revenue last year.<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">The deal will be financed with equity from Fertitta Entertainment, assumed Caesars&#8217; debt and new debt financing arranged by a group of 10 banks.\u00a0<\/span><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><span class=\"ContentText ContentText_variant_bodyNormal\" data-testid=\"content-text\">It would take Caesars private after trading on the NASDAQ since 1992. It includes a \u201cgo-shop\u201d period that will allow Caesars to consider other offers before July 11.\u00a0<\/span><\/p>\n<\/div>\n<p><script defer=\"\" async=\"\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;version=v18.0\" data-ot-ignore=\"true\"><\/script><\/p>\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.nrn.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tilman Fertitta is about to add a lot more hotels and casinos to his hospitality empire. The business mogul\u2019s Fertitta Entertainment has a deal to acquire the giant Caesars Entertainment in a deal valued at $17.6 billion, comprised of\u00a0$5.7 billion in cash and $11.9 billion in assumed debt. Las Vegas-based Caesars operates more than 50 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2435996,"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-2435995","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\/Tilman-Fertitta-to-acquire-Caesars-Entertainment-for-57B.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435995","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=2435995"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435995\/revisions"}],"predecessor-version":[{"id":2435997,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2435995\/revisions\/2435997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2435996"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2435995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2435995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2435995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}