Caesars Entertainment, Las Vegas Strip icon, sold for nearly $6 billion
Caesars Entertainment is being acquired by Fertitta Entertainment for nearly $6 billion, creating a significant gaming empire. The deal includes taking on approximately $12 billion in debt, bringing the total value to about $17.6 billion. Caesars shareholders will receive $31 in cash per share, representing a 49% premium over the pre-merger speculation share price.
- ▪Fertitta Entertainment will pay $5.7 billion and assume close to $12 billion in debt from Caesars.
- ▪The merger will create one of the largest gaming empires with 60 casino resorts and over 200 retail sports betting locations.
- ▪Caesars shareholders will receive $31 in cash for each share, a 49% premium over the previous share price.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onCaesars Entertainment, Las Vegas Strip icon, sold for nearly $6 billionCaesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’sByJESSICA HILL Associated PressMay 28, 2026, 7:58 AM1:26FILE - A man takes pictures of Caesars Palace hotel and casino in Las Vegas, Jan. 12, 2015.
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