Fertitta Entertainment has reportedly entered exclusive talks to acquire Caesars Entertainment in the USA, offering $34 per share. The proposed deal is valued at about $7 billion, but the negotiations may not produce a final agreement.
A potential acquisition could change Caesars’ ownership and affect casino competition in the USA.
Quarter ended 30 September 2026
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It was reported that Caesars Entertainment received Carl Icahn’s $34-per-share proposal, exceeding the $31 proposed by Fertitta Entertainment. Regulatory filings showed Caesars had not accepted Icahn’s offer.
Courtney Mather resigned from Caesars Entertainment’s board effective 6 July, the company said in a regulatory filing, according to the report. Caesars said the departure did not result from a disagreement with the company; Mather’s exit comes as Carl Icahn is reportedly preparing a possible competing bid for Caesars.
The Nevada Gaming Commission approved licences, amended registration orders and shelf offerings for separate proposed take-private transactions involving MGM Resorts International and Caesars Entertainment. Caesars is being acquired by Fertitta Entertainment in a $17.6 billion deal, subject to shareholder, competition and gaming-jurisdiction approvals; the commission also approved licences for two Fertitta Entertainment executives. MGM remains in discussions with Barry Diller’s People Inc., with further details expected on its second-quarter earnings call, the company’s legal counsel said.
New Jersey’s Division of Gaming Enforcement said it will examine Tilman Fertitta’s proposed $17.6 billion acquisition of Caesars Entertainment. The review will follow the parties’ closing schedule and may produce findings or recommendations, including conditions for approval, for the New Jersey Casino Control Commission. The transaction remains proposed, with completion expected to take at least a year.
Fertitta Entertainment agreed to acquire Caesars Entertainment, with Caesars shareholders due to receive $31 per share under the terms, according to the announcement. Caesars’ board unanimously approved the agreement, which still requires shareholder and regulatory approvals; the deal also includes a go-shop period through 11 July.