Caesars Shareholders Approve $17.6B Fertitta Takeover

Caesars Entertainment shareholders overwhelmingly approved Tilman Fertitta’s proposed acquisition of the casino company, clearing a major hurdle in a deal that would take Caesars private. About 133.3 million shares voted in favor, compared with roughly 4.3 million opposed, exceeding the required majority of all outstanding shares. The all-cash transaction values Caesars at approximately $17.6 billion, including about $11.9 billion in assumed debt, with shareholders set to receive $31 per share. The deal still requires review by the Federal Trade Commission and approval from state regulators, particularly because Caesars and Fertitta-owned Golden Nugget operate in some of the same markets. Caesars expects the transaction to close by June 26, 2027; if delayed beyond that date, shareholders would receive an additional daily payment under the merger agreement.