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Caesars Shareholders Approve of Fertitta Buyout Worth $17.6B
Shareholders backed the deal by more than 133 million votes, but Caesars and Fertitta still need federal antitrust clearance before closing.
- On Tuesday, Caesars Entertainment shareholders approved the merger with Fertitta Gaming in Reno, Nevada, with over 133 million votes in favor and 4 million votes against, according to a Wednesday Securities and Exchange Commission filing.
- Valued at about $17.6 billion, the deal was first announced in May, with billionaire Tilman Fertitta agreeing to pay $5.7 billion and assume close to $12 billion in debt from Caesars.
- Shareholders will receive $31 in cash per share, and Caesars will become a privately-held company if approved; however, the merger still faces a federal antitrust review.
- Tilman Fertitta, United States ambassador to Italy and San Marino since April 2025, also owns the Golden Nugget, Rainforest Cafe, and Morton, alongside major stakes in Wynn Resorts and DraftKings.
- The company maintains a dominant presence on the Las Vegas Strip, operating properties including Caesars Palace, the Flamingo, and Harrah, positioning the merged entity as a major gaming force.
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Caesars Entertainment shareholders have approved a multibillion-dollar merge with Fertitta Gaming that would create one of the larget gaming empires. Caesars has a dominant presence on the Las Vegas Strip, operating hotels like Caesars Palace, the Flamingo, and Harrah's, the AP reports. It also operates casino resorts across the United...
·Miami, United States
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Associated Press News+11 Reposted by 11 other sources
Caesars stockholders approve $6 billion merger with Fertitta
Caesars Entertainment shareholders have voted to approve a multibillion-dollar merger with Fertitta Gaming that once complete would create one of the largest gaming empires.
·New York, United States
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Las Vegas Review-Journal+3 Reposted by 3 other sources
Fertitta’s $17.6B takeover bid approved by Caesars shareholders
The deal would take Caesars private, but the transaction still faces regulatory and other closing conditions.
·Las Vegas, United States
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Total News Sources25
Leaning Left12Leaning Right3Center5Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 25%
15%
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