Fertitta Entertainment agrees to buy Caesars Entertainment for $17.6 billion
Fertitta Entertainment has agreed to acquire Caesars Entertainment for $17.6 billion in an all-cash deal. This acquisition will take Caesars private and expand Fertitta's extensive portfolio in the hospitality and casino industry. Shareholders of Caesars will receive $31 per share, significantly above the company's previous stock price.
- ▪Fertitta Entertainment is owned by billionaire Tillman Fertitta, who is also the US ambassador to Italy.
- ▪The deal includes the acquisition of iconic properties such as Caesars Palace and Harrah's.
- ▪Fertitta currently owns more than 600 properties across 15 countries, including casinos and restaurants.
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Business Fertitta Entertainment agrees to buy Caesars Entertainment for $17.6 billion By Kevin Barr Published May 28, 2026, 12:26 p.m. ET See more of our coverage in your search results. Add The California Post on Google The man dubbed the “world’s richest restauranteur” is taking over one of the biggest names on the Las Vegas Strip in a blockbuster $17.6 billion deal. Caesars Entertainment announced Thursday that it agreed to be acquired by Fertitta Entertainment — the sprawling hospitality empire owned by billionaire Tillman Fertitta — in an all-cash transaction valued at roughly $17.6 billion, including assumed debt.
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