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Caesars Backs Fertitta's $17.6B Buyout Deal
FeaturedfinanceHotel Dive··1 min·For: Owner, Investor, GM

Caesars Backs Fertitta's $17.6B Buyout Deal

Caesars Entertainment shareholders have overwhelmingly approved a $17.6 billion takeover bid by Fertitta Entertainment to take the casino giant private. The mega-deal now faces up to 10 months of state regulatory reviews and federal antitrust clearance before closing.

Key Takeaways

  1. 1Caesars shareholders approved the $17.6B deal, with investors receiving $31 per share in cash.
  2. 2The combined entity will encompass roughly 60 domestic casino resorts and 550 Fertitta outlets.
  3. 3Closing requires FTC antitrust clearance and gaming approvals across multiple state jurisdictions.

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Source: Hotel Dive

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