<\/p>\n
HOUSTON, LAS VEGAS AND RENO, NEV. \u2014 Fertitta Entertainment Inc., a private holding company controlled by the NBA\u2019s Houston Rockets governor (i.e. owner) Tilman Fertitta, has entered into a definitive agreement to acquire casino and gaming giant Caesars Entertainment (NASDAQ: CZR) for $17.6 billion.<\/p>\n
Fertitta Entertainment plans to finance the acquisition through a combination of equity, assumed Caesars\u2019 outstanding debt (approximately $11.9 billion) and new committed debt financing arranged by a consortium of 10 banks.<\/p>\n
Under terms of the agreement, Caesars shareholders will receive $31 in cash for each outstanding share, which represents a 49 percent premium to the company\u2019s unaffected stock price on Feb. 25 (the last trading day before rumors of a potential transaction were reported) \u2014 $20.77 per share. Upon completion of the transaction, shares of\u00a0Caesars Entertainment\u00a0common stock will no longer be listed on the NASDAQ stock exchange.<\/p>\n
Caesars operates several major Las Vegas Strip properties, such as Caesars Palace, Harrah\u2019s, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo and The Cromwell.<\/p>\n
Fertitta Entertainment owns Golden Nugget Hotels & Casinos and operates more than 450 full-service restaurants around the world, including Landry\u2019s, Rainforest Caf\u00e9 and Morton\u2019s.<\/p>\n
According to the press releases issued by both companies, the combined company would include 60 domestic casino resorts and gaming facilities; online gaming platforms featuring sports betting, iCasino and poker; more than 200 retail sports betting locations through the William Hill brand; and more than 550 national Fertitta Entertainment outlets.<\/p>\n
The companies also stated that the merger would combine Caesars Rewards, Golden Nugget\u2019s 24 Karat Select Club and Landry\u2019s Select Club into a \u201clarger hospitality and loyalty ecosystem.\u201d<\/p>\n
The leadership teams of both companies are all expected to remain in their current roles and continue to lead the combined companies\u2019 operations.<\/p>\n
PJT Partners is serving as exclusive financial advisor to Caesars Entertainment, while\u00a0Latham & Watkins LLP\u00a0is serving as legal counsel and\u00a0Skadden, Arps, Slate, Meagher & Flom LLP\u00a0is serving as antitrust counsel.\u00a0<\/p>\n
Freshfields\u00a0is serving as counsel to the Carano family, founder of <\/a>Eldorado Resorts<\/a>, which merged with Caesars in 2019.<\/p>\n Morgan Stanley & Co. LLC\u00a0and\u00a0Goldman Sachs & Co. LLC\u00a0are serving as financial advisors to\u00a0Fertitta Entertainment, and\u00a0White & Case LLP\u00a0is serving as the company\u2019s legal counsel.<\/p>\n The board of directors for Caesars has approved the transaction, which is subject to shareholder approval. The agreement includes a \u201cgo shop\u201d period through July 11 where Caesars can solicit, consider and negotiate alternative acquisition proposals from third parties.<\/p>\n \u2014 Abby Cox<\/em><\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source rebusinessonline.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" 6 HOUSTON, LAS VEGAS AND RENO, NEV. \u2014 Fertitta Entertainment Inc., a private holding company controlled by the NBA\u2019s Houston Rockets governor (i.e. owner) Tilman Fertitta, has entered into a definitive agreement to acquire casino and gaming giant Caesars Entertainment (NASDAQ: CZR) for $17.6 billion. Fertitta Entertainment plans to finance the acquisition through a combination […]<\/p>\n","protected":false},"author":2,"featured_media":2437041,"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-2437040","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\/Fertitta-Entertainment-Agrees-to-Acquire-Caesars-Entertainment-in-176B-Deal.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2437040","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=2437040"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2437040\/revisions"}],"predecessor-version":[{"id":2437042,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2437040\/revisions\/2437042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2437041"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2437040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2437040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2437040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}