Tilman Fertitta’s Years-Long Pursuit of Caesars Is Paying Off
May 28, 2026
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3:58Now PlayingTilman Fertitta’s Years-Long Pursuit of Caesars Is Paying Off
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as posted by the channelReal estate mogul Tilman Fertitta’s years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a $5.7 billion, all-cash deal for the Las Vegas company on Thursday that will add some 52 casinos in the US to his entertainment empire.
Fertitta’s pursuit of Caesars dates as far back as 2018, when the owner of the Golden Nugget casinos approached the company about a possible merger. Fertitta had borrowed heavily to buy the Houston Rockets basketball team for $2.2 billion, and the potential merger was seen at the time as a means of folding his debt into a larger company.
Fertitta eventually built a stake in Caesars, signaling his continued interest in a tie-up. As part of the takeover announced on Thursday, Fertitta Entertainment Inc., the parent company of Golden Nugget casinos and Landry’s restaurants, is paying Caesars shareholders $31 a share in cash. We get reaction from Jody Lurie, Senior Credit Analyst for Bloomberg Intelligence.
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