Caesars stockholders approve $6 billion merger with Fertitta
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Caesars stockholders approve $6 billion merger with Fertitta

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Key Points:

  • Caesars Entertainment shareholders approved a $17.6 billion merger with Fertitta Gaming, creating one of the largest gaming empires in the U.S.
  • The deal includes Fertitta paying $5.7 billion and assuming nearly $12 billion in Caesars' debt, with shareholders receiving $31 cash per share.
  • Fertitta Gaming owns the Golden Nugget in Las Vegas and several restaurant chains, while Tilman Fertitta is a major shareholder in Wynn Resorts and DraftKings.
  • The merger still requires federal antitrust approval, and if completed, Caesars will become a privately-held company.
  • The shareholder vote saw overwhelming support, with over 133 million votes in favor and only 4 million against.

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