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Fertitta Entertainment reportedly offers $7bn for Caesars Entertainment

Deals & M&A

Fertitta Entertainment is reportedly in talks to acquire Caesars Entertainment for about $34 a share, according to a media report. The reported proposal exceeds Carl Icahn’s competing all-cash offer of roughly $33 a share, but negotiations could fail and Caesars has not formally rejected Icahn’s offer.

The competing reported offers could reshape Caesars’ ownership, but negotiations may fail and no offer has been formally rejected.

End-of-day close Caesars Entertainment (CZR), USD, to 24 April 2026
Story date26 January 202624 April 2026

Latest reported results

Caesars Entertainment NASDAQ: CZR

Quarter ended 30 September 2026

Revenue
USD 2.94bn10-Q filing 0001590895-26-000033
Operating income
USD 457.0m10-Q filing 0001590895-26-000033

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Regulation

Caesars and Fertitta receive FTC requests for more merger information

Caesars Entertainment and Fertitta Entertainment each received a second request from the US Federal Trade Commission for information and documents concerning their proposed merger, Caesars said in a filing. The companies have 30 days to respond. Caesars also disclosed that two board members appointed at Carl Icahn’s request had stepped down, and that the Icahn Group waived its right to name replacements.

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