Caesars Entertainment has opened pre-registration for Alberta residents as the province is preparing to launch its regulated market, where operators will be able to offer...
Caesars and Tilman Fertitta extend $18B acquisition talks
Caesars Entertainment and billionaire Tilman Fertitta have moved to a period of exclusive talks over the $18 billion proposal to acquire Caesars.
The company has extended the negotiation window, with the deal expected to include $2-3 billion in equity, $4-5 billion in new borrowing against Caesars’ assets, and the operators’ assumed $11 billion debt. Initially, it was expected that Tilman Fertitta would buy Caesars for $7 billion.
Recently, Bloomberg revealed that the negotiations had slowed down after Fertitta’s father, Vic Fertitta, passed away on April 8, 2026. Vic Fertitta managed the Golden Greek and Pier 23, 2 Galveston restaurants, and had investments in Gulf Coast real estate.
As the negotiations now continue to an exclusive phase, Fertitta is expected to buy Caesars for $32 per share, as the company would be merged with Fertitta Entertainment’s current businesses and create a bigger casino entity.
The operator’s shares had been declining by more than 40% since 2025, but after the news of Fertitta’s interest in Caesars started spreading, the shares in the company increased by 2.1% to $27.80 as of April 21, 2026.
Fertitta’s acquisition would beat Icahn Enterprises’ proposal, despite the company having accumulated a 9.78% stake in Caesars during 2019 and later pushing the operator to fully sell.
The Wall Street Journal reported on March 11, 2026, that billionaire and U.S. ambassador to Italy and San Marino, Tilman Fertitta, is in discussions to buy casino operator...
