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Phoenix & Southwest  + Southwest  + Hospitality  |  May 29, 2026
Caesars
Mike Boyd
By: Mike Boyd

Fertitta Acquires Nine Caesar’s Las Vegas Resort Casinos

Fertitta Entertainment Inc. is expanding its global gaming and hospitality holdings with the acquisition of Caesars Entertainment Inc., in an all-cash transaction for $5.7 billion. The deal calls for Fertitta to assume approximately $11.9 billion of Caesars’ outstanding debt, creating a total transaction value of about $17.6 billion. Once the deal closes, Fertitta Entertainment will take Caesars private. The company currently trades on Nasdaq.

The company has nine properties in Las Vegas, such as Caesars Palace, Planet Hollywood, Horseshoe Las Vegas and Harrah’s Las Vegas, as well as Nevada assets in Lake Tahoe, Reno and Laughlin. Other major locations include New Orleans, and Atlantic City, N.J.

Houston-based Fertitta Entertainment owns more than 600 properties in 15 countries, including the Golden Nugget Hotel and Casino concept, with locations in Las Vegas, Lake Tahoe and Laughlin in Nevada.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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