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Fertitta Entertainment to acquire Caesars for $7B

PRIVATEMar 12, 2026

Acquiring Company

Fertitta Entertainment

Acquired Company

Caesars Entertainment

HoustonRenoGamingHospitalityGamblingCasinoGamingSportsHospitality

Description

Fertitta Entertainment has entered exclusive negotiations to acquire Caesars Entertainment at approximately $34 per share, valuing the deal at around $7 billion. This move comes amidst competing interests from billionaire Carl Icahn, who proposed an all-cash bid of $33 per share. While Fertitta's proposal exceeds Icahn's offer, no deal is expected to be finalized soon.

Quick answer

Fertitta Entertainment is acquiring Caesars Entertainment for $7 billion, announced March 12, 2026. Fertitta Entertainment is based in Houston, Texas, United States.

How much did Fertitta Entertainment pay for Caesars Entertainment?
The reported deal value is $7 billion.
What does Fertitta Entertainment do?
Fertitta Entertainment is a casino and hospitality group controlled by billionaire Tilman Fertitta.
Where are Fertitta Entertainment and Caesars Entertainment based?
Fertitta Entertainment is based in Houston, Texas, United States. Caesars Entertainment is based in Reno, Nevada, United States.
Who are the decision-makers at Fertitta Entertainment?
Fundz holds 1 contact at Fertitta Entertainment. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Gaming and Hospitality

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Company Information

Company

Fertitta Entertainment

Location

Houston, Texas, United States

About

Fertitta Entertainment is a casino and hospitality group controlled by billionaire Tilman Fertitta. The company operates the Golden Nugget casino portfolio and has interests in gaming and restaurants. Fertitta also owns the NBA team Houston Rockets.

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Frequently asked

Who acquired Caesars Entertainment?

Caesars Entertainment was acquired by Fertitta Entertainment, based in Houston. The deal was reported on March 12, 2026. Fertitta Entertainment is a casino and hospitality group controlled by billionaire Tilman Fertitta. The company operates the Golden Nugget casino portfolio and has interests in gaming and restaurants. Fertitta Entertainment is privately held and operates in Gaming.

When did Fertitta Entertainment acquire Caesars Entertainment?

Fertitta Entertainment's acquisition of Caesars Entertainment was reported on March 12, 2026. Fertitta Entertainment has entered exclusive negotiations to acquire Caesars Entertainment at approximately $34 per share, valuing the deal at around $7 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Caesars Entertainment do?

Caesars Entertainment, Inc. operates in the hospitality and entertainment industry, primarily focusing on providing exceptional experiences through gaming, hotels, and entertainment venues. It is publicly traded (CZR), operating in Gaming, and is based in Reno.

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