---
title: "Caesars Gets $5.7 Billion Fertitta Takeover Offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288102479.md"
description: "Tilman Fertitta's Fertitta Entertainment has agreed to acquire Caesars Entertainment in a $5.7 billion all-cash deal, offering $31 per share, a 49% premium. The transaction adds 52 casino properties to Fertitta's portfolio but includes $11.9 billion in Caesars' debt. Funding involves equity and new debt. The deal requires regulatory approval and includes a go-shop period until July 11."
datetime: "2026-05-29T17:44:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288102479.md)
  - [en](https://longbridge.com/en/news/288102479.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288102479.md)
---

# Caesars Gets $5.7 Billion Fertitta Takeover Offer

Tilman Fertitta's long-running pursuit of Caesars Entertainment is now moving into deal territory, with Fertitta Entertainment agreeing to acquire the Las Vegas casino operator in a $5.7 billion all-cash transaction. The offer gives Caesars shareholders $31 per share, representing a 49% premium to the company's Feb. 25 share price before reports of deal talks began surfacing, while adding roughly 52 US casino properties to Fertitta's broader entertainment empire.

The deal could mark a major expansion of Fertitta's Golden Nugget and Landry's strategy, where casinos, restaurants and customer loyalty programs are marketed together under one hospitality umbrella. Caesars brings a large national footprint that includes Caesars Palace, Harrah's, Tropicana and Circus Circus in Reno, with the company owning, leasing or managing 52 properties across 18 states as of Dec. 31 and generating most of its revenue from gaming operations.

For investors, the transaction is not just about the headline price. Caesars is also carrying about $11.9 billion in outstanding debt, and Fertitta plans to fund the deal through a mix of equity and new debt financing arranged by 10 banks. The agreement includes a go-shop period running until July 11, while regulatory approval remains a key step, especially given Fertitta's wider business empire and large stake in DraftKings, which could possibly raise antitrust questions before Caesars shares are ultimately delisted if the deal closes.

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