Fertitta Entertainment in Talks to Acquire Caesars Entertainment for $18B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 47 minutes ago
0mins
Source: seekingalpha
- Acquisition Negotiations: Tilman Fertitta's Fertitta Entertainment is in exclusive talks to acquire Caesars Entertainment for approximately $18 billion in enterprise value, which could significantly impact the casino and casino REIT sectors if finalized.
- Asset Sale Potential: JPMorgan analyst Daniel Politzer highlights the potential for casino asset sales, estimating that divestitures from overlapping markets could yield $2.3 billion, including properties like Circus Circus Reno and Golden Nugget Atlantic City, indicating opportunities for market consolidation.
- Investor Confidence Boost: Analysts believe that a Caesars acquisition at a suggested +7X EV/EBITDAR multiple would enhance investor perceptions of valuations for MGM Resorts and PENN Entertainment, reflecting an optimistic sentiment in the casino industry.
- Limited REIT Impact: While a sale of Caesars is not expected to significantly affect VICI Properties and Gaming and Leisure Properties, the ability to transfer master leases to Fertitta ensures stability for these REITs amidst the acquisition discussions.
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Analyst Views on CZR
Wall Street analysts forecast CZR stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 27.900
Low
22.00
Averages
29.83
High
39.00
Current: 27.900
Low
22.00
Averages
29.83
High
39.00
About CZR
Caesars Entertainment, Inc. is a casino-entertainment company and a diversified gaming and hospitality provider. It operates primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. Its segments include Las Vegas, Regional, Caesars Digital, and Managed and Branded, in addition to Corporate and Other. It offers diversified gaming, entertainment and hospitality amenities, destinations, and a full suite of mobile and online gaming and sports betting experiences. It owns, leases or manages an aggregate of 52 domestic properties in 18 states. It also operates and conducts sports wagering across 34 jurisdictions in North America, 27 of which offer online sports betting, and operates iGaming in five jurisdictions in North America. It operates the Caesars Sportsbook app, the Caesars Racebook app, the Caesars Palace Online Casino app and the new Horseshoe Online Casino app. It offers various online casino games, including slots, table games, live dealer and video poker.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fertitta Entertainment in Talks to Acquire Caesars Entertainment for $18B
- Acquisition Negotiations: Tilman Fertitta's Fertitta Entertainment is in exclusive talks to acquire Caesars Entertainment for approximately $18 billion in enterprise value, which could significantly impact the casino and casino REIT sectors if finalized.
- Asset Sale Potential: JPMorgan analyst Daniel Politzer highlights the potential for casino asset sales, estimating that divestitures from overlapping markets could yield $2.3 billion, including properties like Circus Circus Reno and Golden Nugget Atlantic City, indicating opportunities for market consolidation.
- Investor Confidence Boost: Analysts believe that a Caesars acquisition at a suggested +7X EV/EBITDAR multiple would enhance investor perceptions of valuations for MGM Resorts and PENN Entertainment, reflecting an optimistic sentiment in the casino industry.
- Limited REIT Impact: While a sale of Caesars is not expected to significantly affect VICI Properties and Gaming and Leisure Properties, the ability to transfer master leases to Fertitta ensures stability for these REITs amidst the acquisition discussions.
See More
Caesars Entertainment Shares Rise 1.8% on Acquisition Rumors
- Financing Commitment: Several banks, including Morgan Stanley, have committed to providing approximately $5 billion in debt financing for billionaire Tilman Fertitta's potential acquisition of Caesars Entertainment, indicating strong market confidence in the deal.
- Acquisition Offer: Fertitta's takeover bid is reported to be in the low $30s per share, and despite facing 'significant hurdles', this price point may attract investor interest and enhance the company's stock performance.
- Transaction Progress: Although the potential deal may take weeks to finalize, the ongoing arrangements among banks for financing suggest a positive outlook for Caesars Entertainment's future.
- Market Reaction: Caesars Entertainment's stock rose by 1.8%, reflecting investor optimism regarding the acquisition news, which could further strengthen the company's position in the highly competitive casino industry.
See More
Caesars Entertainment Shares Drop 9% as Sale Update Awaits
- Stock Price Decline: Caesars Entertainment (CZR) shares fell 9% without apparent news, indicating investor uncertainty as they await updates on the potential sale of the company, which could significantly impact its market perception.
- Acquisition Interest: Fertitta Entertainment has expressed interest in acquiring Caesars for $32 per share, highlighting ongoing market interest in the company, which may influence its stock performance amid acquisition speculation.
- Financing Strategy: Fertitta's plan includes $2 billion to $3 billion in equity and $4 billion to $5 billion in new borrowing to finance the transaction, suggesting a substantial financial maneuver that could have significant implications for Caesars' financial health.
- Market Sentiment: With a short interest of 8.6% in Caesars, investor sentiment appears divided regarding its future performance, and the focus on a potential acquisition may lead to further stock price volatility.
See More
VICI Properties: A Top Dividend Stock Under $100
- High Dividend Yield: VICI Properties boasts a dividend yield of 6.35%, with a payout ratio of 61.25%, indicating strong management of dividend payments and ensuring stable returns for investors.
- Robust Financial Performance: In Q1 2026, VICI's revenue reached $1 billion, reflecting a 3.5% increase year-over-year, while adjusted funds from operations (AFFO) grew by 5.7% to $650.9 million, demonstrating the company's ongoing profitability.
- Impressive Net Margin: The company maintains a remarkable net profit margin of 78%, up from 70.36% at the end of 2025, showcasing its effectiveness in cost control and profitability enhancement.
- Strong Market Position: As a gambling-focused REIT, VICI owns 61 gambling locations and 39 non-gambling entertainment properties, achieving 100% occupancy across its portfolio, which strengthens its competitive edge in the market.
See More
High-Yield Stock Recommendations Amid Economic Uncertainty
- Vici Properties Resilience: Despite economic challenges, Vici Properties (VICI) has achieved eight consecutive years of dividend growth, with a current yield of 6.19%, demonstrating its profitability resilience in adverse conditions.
- Enbridge's Stable Revenue: Enbridge (ENB) operates over 18,000 miles of pipelines with a daily transport capacity of nearly 6 million barrels, and its stable revenue model has allowed it to raise its annual dividend for 31 consecutive years, currently yielding 5.3%.
- Progressive's Special Dividend: Progressive (PGR) paid a special dividend of $13.50 per share in January 2023; despite a 30% drop in stock price over the past year, its active policy count increased by 10% year-over-year, driving an 8% premium growth, with a current yield of about 7%.
- Portfolio Diversification Advice: Given the current economic uncertainty, investors should consider incorporating Vici, Enbridge, and Progressive into their portfolios to secure stable income streams and potential capital appreciation, especially as high-risk growth stocks face pressure.
See More
Colby Raha Attempts World Record Motorcycle Jump at Caesars Palace
- Motorcycle Jump Challenge: 12-time X Games medalist Colby Raha will attempt a motorcycle jump at Caesars Palace's Front Fountains on May 17, aiming for a height of 100 feet to break his own world record, further solidifying his status in extreme sports.
- Grand Opening Celebration: The opening weekend of OMNIA Dayclub & Skybar will take place from May 15 to 17, featuring renowned DJs like Fisher, Rüfüs du Sol, and Martin Garrix, attracting a large audience and enhancing Caesars Palace's brand influence.
- Historical Legacy: The jump takes place at the iconic site of Evel Knievel's legendary 1967 attempt, with support from Knievel's family, highlighting Caesars Palace's significant role in motorcycle stunt history and drawing media and public attention.
- Entertainment Facility Upgrade: OMNIA Dayclub & Skybar spans 46,000 square feet, merging European design with cutting-edge technology, enhancing the entertainment experience at Caesars Palace, and is expected to attract more high-end clientele, driving future business growth.
See More
Fertitta Entertainment in Talks to Acquire Caesars Entertainment for $18B
- Acquisition Negotiations: Tilman Fertitta's Fertitta Entertainment is in exclusive talks to acquire Caesars Entertainment for approximately $18 billion in enterprise value, which could significantly impact the casino and casino REIT sectors if finalized.
- Asset Sale Potential: JPMorgan analyst Daniel Politzer highlights the potential for casino asset sales, estimating that divestitures from overlapping markets could yield $2.3 billion, including properties like Circus Circus Reno and Golden Nugget Atlantic City, indicating opportunities for market consolidation.
- Investor Confidence Boost: Analysts believe that a Caesars acquisition at a suggested +7X EV/EBITDAR multiple would enhance investor perceptions of valuations for MGM Resorts and PENN Entertainment, reflecting an optimistic sentiment in the casino industry.
- Limited REIT Impact: While a sale of Caesars is not expected to significantly affect VICI Properties and Gaming and Leisure Properties, the ability to transfer master leases to Fertitta ensures stability for these REITs amidst the acquisition discussions.
See More
Caesars Entertainment Shares Rise 1.8% on Acquisition Rumors
- Financing Commitment: Several banks, including Morgan Stanley, have committed to providing approximately $5 billion in debt financing for billionaire Tilman Fertitta's potential acquisition of Caesars Entertainment, indicating strong market confidence in the deal.
- Acquisition Offer: Fertitta's takeover bid is reported to be in the low $30s per share, and despite facing 'significant hurdles', this price point may attract investor interest and enhance the company's stock performance.
- Transaction Progress: Although the potential deal may take weeks to finalize, the ongoing arrangements among banks for financing suggest a positive outlook for Caesars Entertainment's future.
- Market Reaction: Caesars Entertainment's stock rose by 1.8%, reflecting investor optimism regarding the acquisition news, which could further strengthen the company's position in the highly competitive casino industry.
See More
Caesars Entertainment Shares Drop 9% as Sale Update Awaits
- Stock Price Decline: Caesars Entertainment (CZR) shares fell 9% without apparent news, indicating investor uncertainty as they await updates on the potential sale of the company, which could significantly impact its market perception.
- Acquisition Interest: Fertitta Entertainment has expressed interest in acquiring Caesars for $32 per share, highlighting ongoing market interest in the company, which may influence its stock performance amid acquisition speculation.
- Financing Strategy: Fertitta's plan includes $2 billion to $3 billion in equity and $4 billion to $5 billion in new borrowing to finance the transaction, suggesting a substantial financial maneuver that could have significant implications for Caesars' financial health.
- Market Sentiment: With a short interest of 8.6% in Caesars, investor sentiment appears divided regarding its future performance, and the focus on a potential acquisition may lead to further stock price volatility.
See More
VICI Properties: A Top Dividend Stock Under $100
- High Dividend Yield: VICI Properties boasts a dividend yield of 6.35%, with a payout ratio of 61.25%, indicating strong management of dividend payments and ensuring stable returns for investors.
- Robust Financial Performance: In Q1 2026, VICI's revenue reached $1 billion, reflecting a 3.5% increase year-over-year, while adjusted funds from operations (AFFO) grew by 5.7% to $650.9 million, demonstrating the company's ongoing profitability.
- Impressive Net Margin: The company maintains a remarkable net profit margin of 78%, up from 70.36% at the end of 2025, showcasing its effectiveness in cost control and profitability enhancement.
- Strong Market Position: As a gambling-focused REIT, VICI owns 61 gambling locations and 39 non-gambling entertainment properties, achieving 100% occupancy across its portfolio, which strengthens its competitive edge in the market.
See More
High-Yield Stock Recommendations Amid Economic Uncertainty
- Vici Properties Resilience: Despite economic challenges, Vici Properties (VICI) has achieved eight consecutive years of dividend growth, with a current yield of 6.19%, demonstrating its profitability resilience in adverse conditions.
- Enbridge's Stable Revenue: Enbridge (ENB) operates over 18,000 miles of pipelines with a daily transport capacity of nearly 6 million barrels, and its stable revenue model has allowed it to raise its annual dividend for 31 consecutive years, currently yielding 5.3%.
- Progressive's Special Dividend: Progressive (PGR) paid a special dividend of $13.50 per share in January 2023; despite a 30% drop in stock price over the past year, its active policy count increased by 10% year-over-year, driving an 8% premium growth, with a current yield of about 7%.
- Portfolio Diversification Advice: Given the current economic uncertainty, investors should consider incorporating Vici, Enbridge, and Progressive into their portfolios to secure stable income streams and potential capital appreciation, especially as high-risk growth stocks face pressure.
See More
Colby Raha Attempts World Record Motorcycle Jump at Caesars Palace
- Motorcycle Jump Challenge: 12-time X Games medalist Colby Raha will attempt a motorcycle jump at Caesars Palace's Front Fountains on May 17, aiming for a height of 100 feet to break his own world record, further solidifying his status in extreme sports.
- Grand Opening Celebration: The opening weekend of OMNIA Dayclub & Skybar will take place from May 15 to 17, featuring renowned DJs like Fisher, Rüfüs du Sol, and Martin Garrix, attracting a large audience and enhancing Caesars Palace's brand influence.
- Historical Legacy: The jump takes place at the iconic site of Evel Knievel's legendary 1967 attempt, with support from Knievel's family, highlighting Caesars Palace's significant role in motorcycle stunt history and drawing media and public attention.
- Entertainment Facility Upgrade: OMNIA Dayclub & Skybar spans 46,000 square feet, merging European design with cutting-edge technology, enhancing the entertainment experience at Caesars Palace, and is expected to attract more high-end clientele, driving future business growth.
See More
