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

Fertitta Entertainment has acquired Caesars Entertainment, a consumer other business in Nevada, for $17.6 billion in an all-cash deal. Fertitta Entertainment acquisitions add Caesars’ Las Vegas-based casino resorts and hospitality operations to expand consumer M&A in gaming and real estate. Caesars Entertainment operates a large portfolio of casino and resort properties nationwide, supporting a platform acquisition strategy for Fertitta Entertainment in the consumer other segment. The strategic acquisition is structured as a platform acquisition with debt assumed, and Caesars shareholders would receive $31 per share if the deal closes. The announced consumer M&A deal includes a go-shop period that ends July 11, after which Fertitta Entertainment can finalize the acquisition.