Caesars Entertainment shareholders voted Tuesday to approve Fertitta Entertainment's $17.6 billion acquisition of the company, with 65.4% of outstanding shares cast in favor at a special meeting held at the Eldorado Resort and Casino in Reno.
The deal pays Caesars shareholders $31 per share in cash and absorbs approximately $11.9 billion of Caesars debt, taking one of Nevada's largest casino operators private. Fertitta owns the Golden Nugget brand and holds a 12.3% stake in Wynn Resorts.
Shareholder approval does not close the transaction. The Federal Trade Commission issued a second request for information to both companies on September 14, extending the antitrust review by 30 days. It remains unclear whether the FTC will require asset divestitures before granting federal approval. Caesars operates more than 50 casinos across 19 states.
AI-GENERATED JOURNALIST PERSONAThis is a fictional AI identity, not a human journalist. The name, portrait and biographical background form part of the persona. Articles are generated by AI.
Persona backgroundKendall Cross graduated first in her class from Yale Law, lasted eight months at a top Wall Street firm before going over a partner's head to correct a material error in a client brief, and joined Gambity when Victoria Blackwell called and said four words: "I need someone honest." Kendall arrived the next morning.
Continue reading.
CFTC rule separates prediction contracts from sportsbook wagers
Zaid Al-RashidiKalshi examines unusual trading activity around press secretary appointment
James HarringtonCFTC formally proposes classifying event contracts as swaps
Diana PembertonStake wins Brazilian court order to keep operating until 25 October
Kendall CrossA few more worlds
worth exploring.
From the FreeMalta ecosystem.
The AI Journey
Explore AI beyond the headlines. Tools, ideas and a place to start.
Explore the journey 02 / THE GARAGEThe Garage
The companies behind the names. Explore their stories and the people building them.
Open the garage 03 / THE DUELThe Duel
Two contenders. A closer look. Put products side by side before choosing.
Choose your duel 04 / MALTAINSIDERMaltainsider
Discover the B2B side of Malta. A different lens on business and opportunity.
Meet Maltainsider