Fertitta Entertainment has acquired Caesars Entertainment in an all-cash transaction at $17.6 billion, including the assumption of $11.9 billion of Caesars’ debt.
According to a press release by Caesars, Fertitta Entertainment, a holding company for Golden Nugget LLC, Landry’s LLC, hotels and NBA’s Houston Rockets, as well as the operator of 550 full-service and fine dining restaurants across the globe, is expected to make no changes to the company’s C-suite roles.
The combined company will offer guests an expanded array of gaming, entertainment and restaurant experiences, including 60 casino resorts and gaming venues, online gaming through outlets such as sports betting, iCasino, poker through Caesars Sportsbook and more than 600 Fertitta Entertainment outlets.
Details about the finalization of the agreement have not been announced.
