Rain ending this morning. Breaks of sun in the afternoon. High 69F. Winds E at 5 to 10 mph. Chance of rain 100%. Rainfall near a quarter of an inch..
Mostly clear early followed by cloudy skies overnight. Low 52F. Winds WSW at 10 to 15 mph.
Updated: May 28, 2026 @ 5:48 am
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's.
Caesars became an iconic name after the opening of Caesar's Palace on the Las Vegas Strip in 1966. However, its roots date back to the 1930s in Reno, Nevada.
Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars, putting the total value of the deal at about $17.6 billion.
As part of the agreement, Caesars can seek competing bids through July 11.
Caesars investors will get $31 in cash for each share they own, a 49% premium over the share price before chatter about a possible tie-up between the two entertainment companies began in February.
Shares of Caesars Entertainment Inc., which are up 15% since merger rumors emerged, rose almost 2% before the opening bell Thursday.
Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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