Fertitta Conquers Caesars – Merger Arbitrage Mondays

Caesars Entertainment, Inc. (CZR): $29.05

Market Cap: $5.92 B

Deal Value: $17.6 B

Caesars Entertainment entered a merger agreement on May 28, 2026, to be acquired by hospitality billionaire Tilman Fertitta’s company, Fertitta Entertainment, Inc., in a deal valued at $17.6 billion, as he seeks to grow his leisure business. Although Fertitta has built his empire through hundreds of acquisitions, Caesars would represent his most ambitious deal yet. The company operates a major online gambling business and a nationwide casino network stretching from New Jersey to California.

Caesars’ shareholders will receive $31 in cash for each outstanding Caesars’ share, representing a premium of 7.71% to the stock’s last closing price.

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