Caesars Entertainment Acquired by Fertitta Entertainment | Consumer M&A Deal

Fertitta Entertainment has acquired Caesars Entertainment, a consumer other business in Nevada, for $17.6B. Fertitta Entertainment acquisitions bring Caesars’ Las Vegas Strip resort portfolio, including Caesars Palace and Flamingo, plus a digital gaming platform with online gaming, sports betting, iCasino, and Poker. The merger acquisition also combines Caesars Rewards with Golden Nugget Hotels & Casinos and Landry’s restaurant brand, supporting consumer M&A across NV acquisitions. As a private equity acquisition, Fertitta Entertainment will pay about $5.7B in cash and assume roughly $11.9B of Caesars debt, with Caesars shareholders receiving $31 per share subject to approval.