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Tilman Fertitta to acquire Caesars Entertainment for $31

PRIVATESep 28, 2026

Acquiring Company

Tilman Fertitta

Acquired Company

Caesars

HoustonPortlandHospitalitySports

Description

Tilman Fertitta is set to acquire Caesars Entertainment, Inc. for $31 per share, pending regulatory approval. Shareholders have shown strong support with a 65.4% vote in favor of the buyout. The acquisition aims to make Caesars a wholly owned subsidiary while retaining its current leadership. The deal includes assuming nearly $12 billion in debt, which poses financial risks.

Company Information

Company

Tilman Fertitta

Location

Houston, Texas, United States

About

Tilman Fertitta is a notable American businessman and owner of the NBA team Houston Rockets. He is also the majority stakeholder of Wynn Resorts, a prominent hotel and casino company. Fertitta has a net worth of approximately $11.3 billion, underscoring his financial capacity for significant investments. Recently appointed as the US ambassador to Italy and San Marino, he is influential in various sectors.

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Frequently asked

Who acquired Caesars?

Caesars was acquired by Tilman Fertitta, based in Houston. The deal was reported on September 28, 2026. Tilman Fertitta is a notable American businessman and owner of the NBA team Houston Rockets. He is also the majority stakeholder of Wynn Resorts, a prominent hotel and casino company. Tilman Fertitta is privately held and operates in Hospitality.

When did Tilman Fertitta acquire Caesars?

Tilman Fertitta's acquisition of Caesars was reported on September 28, 2026. Tilman Fertitta is set to acquire Caesars Entertainment, Inc. for $31 per share, pending regulatory approval. Shareholders have shown strong support with a 65.4% vote in favor of the buyout. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Caesars do?

Caesars is a prominent name in the gaming industry, known for its prestigious and respected brand. It is publicly traded (CZR), operating in Sports, and is based in Portland.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.