InnovationMaphouston.innovationmap.comHouston business mogul Tilman Fertitta acquires Caesars in $17.6B deal (opens original article in a new tab)
Houston billionaire Tilman Fertitta's company, Fertitta Entertainment, has agreed to acquire Caesars Entertainment for $17.6 billion, combining Fertitta's Golden Nugget with Caesars' portfolio of casinos and hotels.
- Fertitta Entertainment will acquire Caesars Entertainment for $17.6 billion.
- The deal includes Caesars' properties like Caesars Palace, Harrah's, and Paris Las Vegas, along with online gaming and retail sports betting operations.
- Caesars' shareholders will receive $31 per share, and Fertitta Entertainment will assume $11.9 billion in debt.
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