Caesars stockholders approve $6 billion merger with Fertitta

LAS VEGAS — Caesars Entertainment shareholders have accepted a multibillion-dollar merger with Fertitta Gaming that might create one of many largest gaming empires.

Caesars has a dominant presence on the Las Vegas Strip, working motels like Caesars Palace, the Flamingo and Harrah’s. It additionally operates on line casino resorts throughout the United States.

Fertitta owns Las Vegas’ Golden Nugget and restaurant chains like Rainforest Cafe and Morton’s. Billionaire proprietor Tilman Fertitta is the biggest shareholder in Wynn Resorts and the sports activities betting firm DraftKings. Fertitta stepped again from his function as president and director of his firm following his April 2025 affirmation as U.S. ambassador to Italy and San Marino.

Tuesday’s vote passed off in Reno, Nevada, with over 133 million votes in favor of the merger and 4 million votes towards, based on a Wednesday submitting with the Securities and Exchange Commission.

The merger was first announced in May, with Fertitta agreeing to pay $5.7 billion and tackle near $12 billion in debt from Caesars, placing the full worth of the deal at about $17.6 billion.

Caesars and Fertitta nonetheless should full the federal antitrust assessment course of. If it goes by means of, Caesars will turn out to be a privately-held firm. Its shareholders will get $31 in money for every share they personal.