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United States Billionaire Tilman Fertitta (Fertitta Entertainment) Buys United States $5.9 Billion Casino & Hospitality Company Caesars Entertainment for $17.6 Billion (Include Debt) in All-Cash Deal Representing +49% Premium to Unaffected Closing Price (25/2/26), Caesars Entertainment Formed in 1998 from Spin-Off of Gaming Division of Hilton Hotel, Caesars Entertainment Current Market Value at $5.9 Billion, Share Price +23.4% YTD, +6.6% Last 12 Months & -72.9% Last 5 Years

29th May 2026 | Hong Kong

United States billionaire Tilman Fertitta (Fertitta Entertainment) has announced to buy United States casino and hospitality company Caesars Entertainment ($5.9 billion market value) for $17.6 billion (include debt) in all-cash deal, representing +49% premium to Caesars Entertainment unaffected closing price (25/2/26). Caesars Entertainment was formed in 1998 from the spin-off of the gaming division of Hilton Hotel. Caesars Entertainment current market value at $5.9 billion, share price +23.4% YTD, +6.6% last 12 months & -72.9% last 5 years.  Caesars Entertainment – Caesars Entertainment, Inc. is the largest casino-entertainment Company in the U.S. and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the Company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework.  Fertitta Entertainment – Fertitta Entertainment, Inc. is Tilman Fertitta and Paige Fertitta’s holding company for substantially all of their assets, including all of the equity in Fertitta Entertainment, LLC, Golden Nugget, LLC and Landry’s, LLC, hotels, real estate, and other investments, including the NBA’s Houston Rockets. Golden Nugget/Landry’s is a multinational, diversified gaming, restaurant, hospitality, and entertainment company based in Houston, Texas. The Company’s gaming division includes the renowned Golden Nugget Hotel and Casino concept, with locations in Las Vegas, Lake Tahoe, and Laughlin, NV; Atlantic City, NJ; Biloxi, MS; Lake Charles, LA and Cripple Creek, CO. Entertainment and hospitality divisions encompass two Forbes Five-Star rated luxury hotel properties, Montage Laguna Beach Resort Hotel in California and The Post Oak Hotel at Uptown Houston, including multiple four star hotel properties, as well as River Oaks District, a luxury retail and mixed-use complex, including office space and upscale apartments in the center of Houston’s thriving Uptown/River Oaks corridor, entertainment venues such as the Kemah Boardwalk, the Galveston Island Pleasure Pier, the Tower of Americas in San Antonio, the Downtown Aquarium in Houston and the Denver Aquarium. The Company also operates more than 550 outlets, including over 450 full service restaurants around the world, with well-known fine dining concepts such as Mastro’s Restaurants, Del Frisco’s Double Eagle Steakhouse, Catch, Morton’s The Steakhouse and The Palm, upscale casual eateries including Del Frisco’s Grille, McCormick & Schmick’s, Chart House, Landry’s Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House, plus entertainment dining brands including Bubba Gump Shrimp Co., Rainforest Cafe, T-Rex Café, Yak and Yeti and the Aquarium. It also owns popular New York restaurants such as the Strip House and Bill’s Bar & Burger, as well as a joint venture for its New York City specialty brands, including the nationally famous The Corner Store, Or’esh and The Eighty-Six.

 



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“ United States Billionaire Tilman Fertitta (Fertitta Entertainment) Buys United States $5.9 Billion Casino & Hospitality Company Caesars Entertainment for $17.6 Billion (Include Debt) in All-Cash Deal Representing +49% Premium to Unaffected Closing Price (25/2/26), Caesars Entertainment Formed in 1998 from Spin-Off of Gaming Division of Hilton Hotel, Caesars Entertainment Current Market Value at $5.9 Billion, Share Price +23.4% YTD, +6.6% Last 12 Months & -72.9% Last 5 Years “

 

 

United States Billionaire Tilman Fertitta (Fertitta Entertainment) Buys United States $5.9 Billion Casino & Hospitality Company Caesars Entertainment for $17.6 Billion (Include Debt) in All-Cash Deal Representing +49% Premium to Unaffected Closing Price (25/2/26), Caesars Entertainment Formed in 1998 from Spin-Off of Gaming Division of Hilton Hotel, Caesars Entertainment Current Market Value at $5.9 Billion, Share Price +23.4% YTD, +6.6% Last 12 Months & -72.9% Last 5 Years

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