Caesars Entertainment Acquired by Fertitta Entertainment | Consumer M&A Deal

Fertitta Entertainment has agreed to acquire Caesars Entertainment, a consumer other business in Nevada, for $6.5 billion. Caesars Entertainment operates casino and hospitality assets including Caesars Palace on the Las Vegas Strip, supporting consumer gaming and travel demand in NV. Fertitta Entertainment acquisitions in consumer M&A aim to expand its gaming footprint through a strategic acquisition and strengthen scale across Nevada. The merger acquisition is structured as a strategic acquisition with deal terms reported at $32 per share, reflecting Caesars’ significant debt and an enterprise value of about $31.5 billion. Talks are conducted within a 45-day exclusive window, with expected completion in 2027 after early April finalization.