Fertitta Buys Caesars for $17.6B in Largest Casino Acquisition in US History

Las Vegas Review-Journal · 1w ago

Tilman Fertitta's Fertitta Entertainment has struck a definitive agreement to acquire Caesars Entertainment in an all-cash deal valued at roughly $17.6 billion — including $11.9 billion in assumed debt — marking the single largest casino buyout ever completed in the United States. Caesars shareholders will pocket $31.00 per share, a 49% premium over the stock's unaffected February price, after Fertitta outmaneuvered a rival bid from activist investor Carl Icahn. A "go-shop" window through July 11, 2026 still allows Caesars to entertain competing proposals before the deal closes.