Anabelle Colaco
30 May 2026, 11:40 GMT+10
LAS VEGAS, Nevada: Caesars Entertainment, one of the most recognizable names on the Las Vegas Strip, is being acquired by Fertitta Entertainment in a deal valued at about US$17.6 billion, including debt.
Fertitta Entertainment, which owns the Golden Nugget casino brand as well as restaurant chains including Rainforest Cafe and Morton's, will pay $5.7 billion in cash and assume nearly $12 billion in Caesars debt.
The deal marks a major shift in the U.S. casino and hospitality industry, bringing together two well-known gaming and entertainment operators.
Caesars became a Las Vegas icon after the opening of Caesars Palace on the Strip in 1966, though the company's history dates back to the 1930s in Reno, Nevada.
Under the agreement, Caesars investors will receive $31 in cash for each share they own, representing a 49 percent premium over the company's stock price before reports of a possible merger surfaced in February.
Caesars shares, which have already gained about 15 percent since takeover speculation began, rose nearly 2 percent in premarket trading on Thursday.
The agreement also includes a "go-shop" provision allowing Caesars to seek alternative bids through July 11.
Get a daily dose of Poland Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Poland Sun.
More InformationNEW YORK CITY, New York: Meta's effort to train artificial intelligence systems using detailed records of employee computer activity...
PARIS, France: France will begin reimbursing weight-loss medications for severely obese patients from mid-June, becoming the first...
LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...
DUBLIN, Ireland: A new report says that four people were released last year from the Central Mental Hospital after being judged unfit...
PARIS, France: French lawmakers voted on May 28 to officially cancel old slavery-era laws that treated enslaved people as property...
DUBLIN, Ireland: Several schools in Carlow town and across the county received a threatening email saying there would be a mass shooting...
WASHINGTON, D.C.: A federal judge ruled this week that President Donald Trump's name was added to the Kennedy Center illegally. The...
WASHINGTON, D.C.: The U.S. travel industry is warning that any move to halt the processing of international passengers and cargo at...
SINGAPORE: The United States, the United Kingdom, and Australia are working together to build unmanned underwater vehicles under their...
GENEVA, Switzerland: On average, eleven children have been killed or injured every 24 hours in Lebanon over the past week, the U.N.'s...
CAPE CANAVERAL, Florida: Blue Origin suffered a major setback in its effort to challenge SpaceX after an uncrewed New Glenn rocket...
BEIJING, China: Shi Yongxin, the former abbot of China's Shaolin Temple, was sentenced to 24 years in prison for crimes such as embezzlement...
