Caesars shareholders approve $17.6B Fertitta buyout
Caesars Entertainment shareholders approved a $17.6 billion cash acquisition by Fertitta Entertainment and Fertitta Gaming. The deal takes the casino operator private at $31.00 per share and includes physical assets such as Caesars Palace, Harrah's, and the Flamingo, plus New Jersey online gambling operations. Tilman Fertitta will assume $11.9 billion in debt. The transaction removes Caesars from the NASDAQ, providing a valuation floor for stock following a Q3 revenue and earnings shortfall.
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- ✓ Shareholders approved a $17.6 billion cash acquisition of Caesars Entertainment by Fertitta Entertainment and Fertitta Gaming.
- ✓ The buyout price is $31.00 per share.
- ✓ The transaction includes Caesars Palace, Harrah's, the Flamingo, and New Jersey online gambling business.
- ✓ The deal assumes $11.9 billion in debt.
What changed
Recent filings indicate Caesars only saw profit losses in Las Vegas during the last quarter.
Live updates
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Caesars Shareholders Approve $17.6 Billion Fertitta Buyout
Caesars Entertainment shareholders approved a $17.6 billion cash acquisition by Fertitta Entertainment and Fertitta Gaming. The deal takes the casino operator private at $31.00 per share and includes physical assets such as Caesars Palace, Harrah's, and the Flamingo, plus New Jersey online gambling operations. Tilman Fertitta will assume $11.9 billion in debt. The transaction removes Caesars from the NASDAQ, providing a valuation floor for stock following a Q3 revenue and earnings shortfall.
Why it matters
The buyout shifts ownership of major Las Vegas and regional assets to a private entity. This transition occurs as the company faces financial volatility and lease uncertainty. Vici Properties' Q3 funds from operations fell 55% due to these lease concerns.
What is confirmed
- Shareholders approved a $17.6 billion cash acquisition of Caesars Entertainment by Fertitta Entertainment and Fertitta Gaming.
- The buyout price is $31.00 per share.
- The transaction includes Caesars Palace, Harrah's, the Flamingo, and New Jersey online gambling business.
- The deal assumes $11.9 billion in debt.
- Over 133 million shares were voted in favor of the transaction.
Still unconfirmed
- Vici Q3 FFO fell 55% because of Caesars lease uncertainty.
What to watch next
- Finalization of the transition from NASDAQ to private ownership
- Resolution of lease agreements with Vici Properties
confidence 90%Sources used for this update (2)
- twonevadas.com — MGM’s Profit Fell in Las Vegas, Macau and Its Regional ...
- finance.yahoo.com — Vici Q3 FFO Falls 55% as Caesars Lease Uncertainty Weighs
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Caesars Shareholders Approve $17.6B Fertitta Buyout
Caesars Entertainment shareholders approved a $17.6 billion cash acquisition by Fertitta Entertainment and Fertitta Gaming, taking the casino operator private at $31.00 per share. More than 133 million shares were voted in favor of the transaction, which includes physical assets like Caesars Palace, Harrah's, and the Flamingo, along with the New Jersey online gambling business. The buyout also assumes $11.9 billion in debt. The transaction moves Caesars from the NASDAQ to private ownership under Tilman Fertitta, while the pending all-cash deal provided a firm valuation floor for company stock despite a reported Q3 earnings and revenue shortfall.
Why it matters
The company reported mixed financial results for the third quarter, reflecting a net loss of $123 million as weakness in Las Vegas offset regional and digital gains. Systemwide revenue was flat at $2.9 billion, but net losses doubled and EBITDA slipped. Citing the $17.6 billion go-private deal, Caesars did not host an earnings call to address the quarterly results.
What is confirmed
- Caesars Entertainment shareholders approved Fertitta Entertainment's $17.6 billion buyout of the casino company.
- The transaction takes the casino operator private at $31.00 per share with more than 133 million shares voted in favor.
- The acquisition assumes $11.9 billion in debt and includes physical assets like Caesars Palace, Harrah's, and the Flamingo.
- Caesars reported a Q3 net loss of $123 million and flat revenue of $2.9 billion.
Still unconfirmed
- The consolidation faces FTC and debt syndication risk, with a Q3 close likely if two to four property divestitures satisfy antitrust requirements.
- Reeg is set to helm Fertitta's leisure conglomerate after the Caesars deal closes.
What to watch next
- Antitrust decisions from the Federal Trade Commission regarding potential property divestitures
- Completion of debt syndication for the transaction
- Finalization of the deal close timeline
confidence 100%Sources used for this update (10)
- www.thehospitalitynewsletter.com — Las Vegas Hospitality News — Casino & Resort Updates
- www.europesays.com — Caesars shareholders approve $17.6B Fertitta buyout
- www.pops4.com — Fertitta's $17.6B Caesars Takeover Clears Shareholder Vote ...
- www.casino.org — Reeg to Helm Fertitta’s Leisure Conglomerate After Caesars ...
- news.trustfinance.com — Caesars Stock Unfazed by Major Earnings Miss as Fertitta Deal ...
- www.yogonet.com — Caesars reports $123 million Q3 loss as Las Vegas weakness ...
- igamingworld.com — Caesars Reports Q3 Results Amid Fertitta Acquisition
- finance.yahoo.com — Caesars posts Q3 Las Vegas declines as Fertitta takeover looms
- www.foxsports.com — How Much Does Mike Norvell Get After Firing? Contract, Buyout Details
- sccgmanagement.com — Caesars Q3 Results Show Doubled Net Loss and Digital… | SCCG
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Caesars shareholders approve $17.6 billion Fertitta buyout
Caesars Entertainment shareholders approved a $17.6 billion cash acquisition by Fertitta Entertainment and Fertitta Gaming. The deal takes the casino operator private at $31.00 per share, with more than 133 million shares voted in favor. The transaction includes the New Jersey online gambling business and physical assets like Caesars Palace, Harrah's, and the Flamingo. In addition to the cash payment, the acquisition assumes $11.9 billion in debt. The deal will move Caesars from the NASDAQ to private ownership under Tilman Fertitta.
Why it matters
This takeover shifts ownership of several major gaming brands to Fertitta Entertainment. VICI Properties is currently monitoring the situation as Caesars is its largest tenant. The deal's completion depends on final lease terms and regulatory closures.
What is confirmed
- Caesars Entertainment shareholders approved a $17.6 billion cash acquisition by Fertitta Entertainment and Fertitta Gaming.
- The buyout price is $31.00 per share.
- More than 133 million shares were cast in favor of the transaction.
- The acquisition includes Caesars Palace, the Flamingo, Harrah's, and the New Jersey online gambling business.
- The deal assumes $11.9 billion in debt.
Still unconfirmed
- VICI Properties is facing tenant uncertainty regarding lease terms as a result of the acquisition.
What to watch next
- Finalization of lease terms with VICI Properties
- Official closing date of the private acquisition
confidence 100%Sources used for this update (4)
- www.marketbeat.com — CZR News Today | Why did Caesars Entertainment stock go down today? $CZR
- www.marketbeat.com — Caesars Entertainment (CZR) 10K Form and Latest SEC Filings ...
- www.thehospitalitynewsletter.com — Fertitta Secures Caesars Vote in $17.6B Buyout
- finance.yahoo.com — VICI Properties (VICI) Is Waiting On Lease Terms For Its ...
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Caesars shareholders approve $17.6B Fertitta buyout
Caesars Entertainment shareholders voted to approve a $17.6 billion cash acquisition by Tilman Fertitta's Fertitta Entertainment and Fertitta Gaming, priced at $31.00 per share. The deal will take the casino operator private. More than 133 million shares were cast in favor of the transaction. The acquisition includes assets such as Caesars Palace, the Flamingo, Harrah's, and Caesars' New Jersey online gambling business.
Why it matters
This deal is significant as it represents one of the largest U.S. hospitality transactions in recent years. The acquisition will take Caesars Entertainment private, ending its public trading. The deal must now clear regulatory review, including Federal Trade Commission clearance and gaming license approvals across seventeen jurisdictions.
What is confirmed
- Caesars Entertainment shareholders approved the $17.6 billion acquisition by Fertitta Entertainment and Fertitta Gaming.
- The deal is priced at $31.00 per share.
- More than 133 million shares were cast in favor of the transaction.
- The acquisition includes assets such as Caesars Palace, the Flamingo, Harrah's, and Caesars' New Jersey online gambling business.
- The deal awaits Federal Trade Commission clearance and gaming license approvals across seventeen jurisdictions.
- Fertitta already controlled 6.1% of Caesars through his Golden Nugget subsidiary.
- The transaction is structured as all-cash, eliminating rollover equity.
- Shareholder approval came with 87% support.
What to watch next
- Federal Trade Commission clearance
- gaming license approvals across seventeen jurisdictions
- completion of the acquisition
confidence 100%Sources used for this update (3)
- www.ad-hoc-news.de — Caesars Entertainment stock trades below USD 31 merger payout
- www.casinoreports.com — Caesars Shareholders Approve Fertitta’s $17.6B Acquisition
- www.pops4.com — Fertitta's $17.6B Caesars bid cleared by shareholders.
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Caesars shareholders approve $17.6B Fertitta buyout
Caesars Entertainment shareholders voted to approve a $17.6 billion cash acquisition by Tilman Fertitta's Fertitta Entertainment and Fertitta Gaming. The deal, priced at $31.00 per share, will take the casino operator private. More than 133 million shares were cast in favor of the transaction. The acquisition includes assets such as Caesars Palace, the Flamingo, Harrah's, and Caesars' New Jersey online gambling business.
Why it matters
The merger now awaits approval from the FTC and various state gaming regulators. This acquisition represents a massive consolidation of the global gaming and hospitality industry. Caesars Entertainment will become a private company if the deal receives regulatory approvals. The deal assumes billions in corporate debt.
What is confirmed
- More than 133 million shares were cast in favor of the transaction.
- The deal is priced at $31.00 per share.
- The acquisition includes assets such as Caesars Palace, the Flamingo, Harrah's, and Caesars' New Jersey online gambling business.
What to watch next
- FTC approval
- state gaming regulators' approval
- completion of the acquisition
confidence 100%Sources used for this update (2)
- www.marketscreener.com — Caesars Entertainment, Inc.: Official Announcements - Stock ...
- londondaily.com — Caesars Entertainment Agrees to $17.6 Billion Acquisition by ...
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Caesars Shareholders Approve $17.6 Billion Fertitta Buyout
Caesars Entertainment shareholders voted on September 22, 2026, to approve a $17.6 billion cash acquisition by Tilman Fertitta's Fertitta Entertainment and Fertitta Gaming. The deal, priced at $31.00 per share, will take the casino operator private. More than 133 million shares were cast in favor of the transaction. The acquisition includes assets such as Caesars Palace, the Flamingo, Harrah's, and Caesars' New Jersey online gambling business. The merger now awaits approval from the FTC and various state gaming regulators.
Why it matters
The definitive agreement for this takeover was first announced on May 28, 2026. The deal expands Fertitta's gaming footprint across Nevada, New Jersey, and other jurisdictions. Regulatory scrutiny remains high, with potential antitrust requirements for divestitures.
What is confirmed
- Caesars Entertainment shareholders approved a $17.6 billion buyout by Fertitta Entertainment and Fertitta Gaming.
- The acquisition price is $31.00 per share in cash.
- The shareholder vote took place on September 22, 2026, at the Eldorado Resort and Casino in Reno.
- The deal includes Caesars' New Jersey online gambling business and three Atlantic City casinos.
- The transaction is subject to FTC antitrust review and state gaming approvals.
- A definitive agreement for the acquisition was announced on May 28, 2026.
Still unconfirmed
- Antitrust reviews could force the company to divest certain assets.
- MGM Resorts International may acquire its largest shareholder, People Inc.
What to watch next
- FTC decision on antitrust clearance
- State gaming regulator approvals for the takeover
- Announcement of any required asset divestitures to satisfy regulators
confidence 95%Sources used for this update (9)
- hoodline.com — Caesars Shareholders Approve Fertitta Merger Deal
- gamblinglore.com — Caesars Shareholders Back $17.6B Fertitta Takeover
- lasvegaslive.show — Caesars Just Voted Itself Out of Existence as a Public ...
- marketinference.com — Caesars Entertainment to be Acquired by Fertitta ...
- finance.yahoo.com — MGM CEO Signals Possible Acquisition Of Top Shareholder ...
- njgamingreview.com — Caesars Shareholders Approve $17.6bn Fertitta Takeover
- www.acquiry.com — Caesars–Fertitta $17.6bn Take-Private | Acquiry M&A
- hotelexplorer.net — Caesars shareholders approve $17.6 billion Fertitta acquisition
- worthbury.com — Caesars shareholders approve Fertitta's $17.6 billion takeover
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Caesars Shareholders Approve $17.6B Fertitta Buyout
Caesars Entertainment stockholders voted on Tuesday to approve a $17.6 billion buyout from Fertitta Entertainment and Fertitta Gaming. The transaction moves the Nevada-based casino company toward going private, according to a U.S. Securities and Exchange Commission filing. More than 133 million shares were cast in favor of the acquisition, which grants Fertitta Gaming control of properties including Caesars Palace, the Flamingo, and Harrah's. Despite passing this major shareholder vote, the deal still faces regulatory scrutiny and other closing conditions before it can be finalized.
Why it matters
The acquisition represents a massive consolidation within the gaming industry by handing iconic Las Vegas properties to Fertitta Gaming. Clearing the shareholder vote removes a primary hurdle, but the transaction must still navigate ongoing federal review. The Federal Trade Commission previously requested additional information regarding the merger to evaluate potential antitrust concerns.
What is confirmed
- Caesars Entertainment shareholders approved a $17.6 billion buyout from Fertitta Entertainment and Fertitta Gaming on Tuesday.
- More than 133 million shares were cast in favor of the deal.
- The transaction will give Fertitta Gaming control of Caesars Palace, the Flamingo, and Harrah's.
- The merger will take Caesars private, though the transaction still faces regulatory and other closing conditions.
What to watch next
- Federal Trade Commission decisions regarding antitrust concerns or requests for additional information.
- Fulfillment of remaining regulatory and closing conditions required to finalize the buyout.
confidence 100%Sources used for this update (7)
- www.gambling.com — News Archive - 2026
- www.reviewjournal.com — Fertitta’s $17.6B takeover bid approved by Caesars shareholders - Las Vegas News
- news3lv.com — Caesars shareholders approve $17.6B Fertitta buyout - KSNV
- foxreno.com — Precision Agriculture Robotics
- finance.yahoo.com — Caesars shareholders approve $17.6 billion Fertitta merger
- www.casinoreviews.net — Caesars Shareholders Approve $17.6B Fertitta Buyout
- ground.news — Caesars Shareholders Approve of Fertitta Buyout Worth $17.6B
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Caesars Shareholders Approve Fertitta Buyout
Caesars Entertainment shareholders approved a takeover bid from Fertitta. Most sources value the deal at $17.6 billion, though one report cites a $6 billion merger. The acquisition now faces regulatory scrutiny as the Federal Trade Commission requested additional information regarding the merger. This shareholder vote marks a primary hurdle in the acquisition process, moving the deal toward final regulatory review and closing. The outcome depends on whether the FTC identifies antitrust concerns or other competitive issues that could block or modify the terms of the buyout.
Why it matters
The deal involves the acquisition of one of the largest gaming operators by Fertitta. This merger would consolidate significant assets within the casino and hospitality industry. Regulatory approval from the FTC is required before the transaction can be finalized.
What is confirmed
- Caesars shareholders approved the Fertitta buyout.
- The takeover bid is valued at $17.6 billion.
- The FTC requested additional information regarding the merger.
Still unconfirmed
- The merger is valued at $6 billion.
What to watch next
- FTC decision on the merger request
- Final closing date of the acquisition
confidence 90%Sources used for this update (6)
- ABC News - Breaking News, Latest News and Videos — Caesars stockholders approve $6 billion merger with Fertitta
- KSNV — Caesars shareholders approve $17.6B Fertitta buyout
- FOX5 Vegas — Caesars stockholders approve $17.6 billion Fertitta buyout
- WSJ — FTC Requests Additional Information Regarding Fertitta, Caesars Merger
- Las Vegas Review-Journal — Fertitta’s $17.6B takeover bid approved by Caesars shareholders
- Casino.org — Caesars Entertainment Shareholders Approve Fertitta Acquisition
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