Anonymous20 days ago
Fertitta Entertainment is in exclusive weekend talks to acquire Caesars Entertainment for approximately $7 billion — roughly $34 per share — after outbidding rival Carl Icahn, who offered $33 per share. The deal would create the largest U.S. casino empire but faces extraordinary regulatory, financial, and ethical hurdles, including Fertitta's ambassadorial conflict of interest, his 12% stake in competitor Wynn Resorts, and the assumption of Caesars' $11 billion in net debt that pushes the deal's true enterprise value above $30 billion.