Fertitta Entertainment to Acquire Caesars Entertainment in $12B Deal

Deal Summary

Fertitta Entertainment agreed to acquire Caesars Entertainment for $31 per share, valuing the casino operator at roughly $12 billion, including $11 billion of debt and rent obligations. The deal was announced in a Motley Fool podcast on June 6, 2026. The acquisition adds a major casino and hospitality portfolio to Fertitta’s holdings.