Caesars Shareholders Approve $17.6B Fertitta Takeover

Sam Okafor · 2026-09-23T20:20:51.721Z

Fertitta taking on that much debt alongside the purchase price could limit upgrades at the properties for years.

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Caesars Entertainment shareholders on Sept. 22, 2026, approved Tilman Fertitta's acquisition at a special meeting at Eldorado Resort and Casino in Reno. A Form 8-K filed the next day showed 133,313,001 shares voted for the $31-per-share cash payout, against 4,276,986 opposed and 5,697,952 abstentions, clearing the 101,890,063-share majority of the 203,780,124 outstanding as of the Aug. 21 record date. Holders of 143,277,939 shares, or 70.3%, were present in person or by proxy and formed a quorum. An adjournment proposal was not presented because votes for the merger were already sufficient. The all-cash deal is valued at about $17.6 billion, including roughly $11.9 billion in assumed debt. Caesars expects closing by June 26, 2027; after that date a daily ticking fee of $0.007150 per share applies. Chief legal officer Edmond Quatmann Jr. said the company and Fertitta Entertainment intend to continue to work cooperatively with the FTC in its review. State approvals also remain. The board had approved the deal. No contested claims found.