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mergerNevada / Las Vegas / United States

Caesars shareholders approve Fertitta Entertainment's $17.6B acquisition

Caesars Entertainment shareholders voted at a special meeting to approve Fertitta Entertainment's acquisition of the resort and casino operator. About 143.28 million shares, or 70.3% of outstanding stock, cast votes, with the majority in favor of advancing the $17.6 billion deal. Fertitta will pay roughly $5.7 billion for Caesars and assume about $11.9 billion of debt. The deal still requires antitrust clearance from the Federal Trade Commission and approvals in each jurisdiction where Caesars has gaming operations, which could take up to 10 months. Shareholders would receive $31 in cash per share if the deal closes by June 26, 2027.

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Impact and considerations

The deal would combine roughly 60 domestic casino resorts and gaming facilities, online and retail sports betting platforms, and more than 550 Fertitta Entertainment outlets, potentially reshaping the Las Vegas and U.S. gaming-hospitality landscape.

Key points

  • Caesars shareholders voted at a special meeting to approve Fertitta Entertainment's acquisition, with about 143.28 million shares (70.3%) casting votes and the majority in favor.
  • The deal is valued at $17.6 billion: Fertitta pays roughly $5.7 billion and assumes about $11.9 billion of Caesars debt.
  • Shareholders would receive $31 in cash per share if the deal closes by June 26, 2027, with additional compensation if closing occurs later.
  • The deal still requires antitrust clearance from the Federal Trade Commission; Fertitta filed its HSR application on July 13.
  • Approvals are also needed in each jurisdiction where Caesars has gaming operations, which could take up to 10 months.
  • The combination would bring together roughly 60 domestic casino resorts and gaming facilities, online and retail sports betting platforms, and more than 550 Fertitta Entertainment outlets, including about 450 Landry's restaurants.

Sources and time

Primary source
Hotel Dive
Other sources
0
First source publication
24 Sept 2026, 08:00
Page published
25 Sept 2026, 01:13
Last updated
24 Sept 2026, 08:00
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