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5/29/2026

Tilman Fertitta Is Taking Caesars Entertainment Private in a $17.6 Billion Deal That Reshapes American Gaming

One of the most recognized names in American casino entertainment is leaving the public markets. Caesars Entertainment (Nasdaq: CZR) announced Wednesday it has entered into a definitive agreement to be acquired by Fertitta Entertainment, the private holding company of Houston billionaire Tilman Fertitta, in an all-cash transaction valued at approximately $17.6 billion including the assumption of $11.9 billion in Caesars’ outstanding debt.

3 min read