{"id":10141,"date":"2026-05-28T15:32:03","date_gmt":"2026-05-28T15:32:03","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=10141"},"modified":"2026-05-28T15:32:03","modified_gmt":"2026-05-28T15:32:03","slug":"caesars-entertainment-a-las-vegas-strip-icon-is-sold-for-6-billion","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=10141","title":{"rendered":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion"},"content":{"rendered":"
\n

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas\u2019 Golden Nugget and chains like Rainforest Cafe and Morton\u2019s.<\/p>\n

Read more Republicans\u2019 recent stumbles in Congress highlight the difficult road ahead for their agenda<\/a><\/p>\n

Caesars became an iconic name after the opening of Caesar\u2019s Palace on the Las Vegas Strip in 1966. However, its roots date back to the 1930s in Reno, Nevada.<\/p>\n

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.<\/p>\n

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As part of the agreement, Caesars can seek competing bids through July 11.<\/p>\n

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.<\/p>\n

Shares of Caesars Entertainment Inc., which are up 15% since merger rumors emerged, rose almost 2% before the opening bell Thursday.<\/p>\n

Read more These Southern California sports bars made Yelp\u2019s Top 100 for 2026<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns chains like Rainforest Cafe and Morton\u2019s.<\/p>\n","protected":false},"author":1,"featured_media":10140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-10141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nCaesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=10141\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars Entertainment, a Las Vegas Strip icon, is sold for $6 billion - 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