Caesars Entertainment has entered into an agreement to be acquired by Fertitta Entertainment in an all-cash transaction valued at $17.6 billion. The deal includes a “go-shop” period through July 11 that gives Caesars six weeks to consider other offers. If the deal goes through, all Caesars executives and management teams are expected to retain their positions, which means there won’t be noticeable changes at Caesars properties, at least for a while. The head of Fertitta Entertainment, Tilman Fertitta, also owns the Golden Nugget casinos, the Landry’s restaurant chain and the Houston Rockets.
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