Caesars Entertainment (CZR) reported earnings 30 days ago. What's next for the stock?
Caesars Entertainment announced Thursday that the deal was done.
Tilman Fertitta's empire includes the Golden Nugget Hotel and Casinos, the NBA's Houston Rockets and — through its restaurant and hospitality arm — more than 600 properties across 15 countries.
The holding company of Tilman Fertitta, who owns the NBA's Houston Rockets and Golden Nugget casinos, is buying Caesars Entertainment in a deal valued nearly $18 billion.
Tilman Fertitta, Trump's ambassador to Italy and billionaire real estate mogul, is buying Caesars Entertainment for $5.7 billion, folding one of the Las Vegas Strip's most recognizable operators into his sprawling empire that already includes the NBA's Houston Rockets, Golden Nugget casinos and Landry's restaurants.
Fertitta Entertainment has agreed to acquire the casino operator in an all-cash deal, months after rumors of a bid.
Fertitta will pay Caesars shareholders $31 a share and assume about $11.9 billion of the casino company's outstanding debt.
The Nevada Gaming Commission sued the company over its sports event contracts, and the platform was briefly barred from operating in the state earlier this year, according to Barron's.
Caesars Entertainment, Inc. (CZR) Q1 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Caesars Entertainment (CZR) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Caesars Entertainment (CZR) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to a loss of $0.54 per share a year ago.
The hotel and casino company's sales in its Las Vegas business remained steady at $1 billion, while revenue increased across its regional and digital channels.