The Caesars acquisition deal will see Fertitta Entertainment take the casino operator private, while Caesars shareholders are set to receive USD 31 (ca. EUR 27) per share in cash under the agreement. The deal combines casino, digital gaming and restaurant operations under one ownership structure.

• Fertitta Entertainment agreed to acquire Caesars Entertainment in an all-cash deal valued at around USD 17.6bn (ca. EUR 15.1bn), including debt of around USD 11.9 billion (ca. EUR 10.2bn). The offer represents a 49% premium to the company’s unaffected share price from 25 February 2026.
• The combined company will include 60 casino resorts and gaming venues alongside Caesars’ digital betting, poker and iCasino operations. Fertitta Entertainment will also bring more than 600 restaurant and entertainment outlets into the group. Caesars said the businesses are complementary across gaming, hospitality and loyalty operations.
• Caesars confirmed CEO Tom Reeg, CFO Bret Yunker and president and COO Anthony Carano are expected to remain in their roles after the deal closes. The company said the management team will continue overseeing day-to-day operations. Caesars added that employees and guests remain central to the long-term strategy.
• The transaction will be financed through a combination of Fertitta equity, assumed Caesars debt and new financing arranged by a syndicate of 10 banks. Caesars also said the Carano family agreed to roll part of its stake into Fertitta Entertainment. Following completion, Caesars shares will be delisted from Nasdaq.
• The agreement includes a “go-shop” period running until 11 July 2026, allowing Caesars to explore alternative offers. The transaction still requires shareholder and regulatory approval before it can close. Caesars said there is no certainty another proposal will emerge during the process.

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