{
  "title": "Caesars Shareholders Approve Fertitta’s $17.6bn Take-Private",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/",
  "published": "2026-09-30T04:00:00Z",
  "researchCutoff": "2026-09-30",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "id": "stat-cash-price",
      "label": "Fixed cash price per Caesars share",
      "value": "$31.00",
      "provenance": "disclosed",
      "sources": "https://www.stocktitan.net/sec-filings/CZR/8-k-caesars-entertainment-inc-reports-material-event-aa4a1dd6843e.html | https://www.publicnow.com/view/34EA983A64B48571B113A58B9FF1B9290B9AD141",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-cash-price"
    },
    {
      "dataset": "key-figures",
      "id": "stat-approval-of-outstanding",
      "label": "Of all outstanding shares voted for the merger",
      "value": "65.4%",
      "provenance": "disclosed",
      "sources": "https://www.stocktitan.net/sec-filings/CZR/8-k-caesars-entertainment-inc-reports-material-event-aa4a1dd6843e.html | https://www.publicnow.com/view/34EA983A64B48571B113A58B9FF1B9290B9AD141",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-approval-of-outstanding"
    },
    {
      "dataset": "key-figures",
      "id": "stat-approval-of-cast",
      "label": "Of votes actually cast approved the merger",
      "value": "93.0%",
      "provenance": "calculated",
      "sources": "https://www.stocktitan.net/sec-filings/CZR/8-k-caesars-entertainment-inc-reports-material-event-aa4a1dd6843e.html | https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-approval-of-cast"
    },
    {
      "dataset": "key-figures",
      "id": "stat-reported-value",
      "label": "Total reported transaction value",
      "value": "~$17.6bn",
      "provenance": "reported",
      "sources": "https://www.playpennsylvania.com/news/caesars-shareholders-approve-fertitta-deal-including-harrahs-philadelphia/ | https://igamingchronicle.com/caesars-17-6bn-take-private-clears-shareholders-the-ftc-holds-the-keys/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-reported-value"
    },
    {
      "dataset": "key-figures",
      "id": "stat-debt-share",
      "label": "Of the reported deal value is assumed debt, not cash to shareholders",
      "value": "67.6%",
      "provenance": "calculated",
      "sources": "https://igamingchronicle.com/caesars-17-6bn-take-private-clears-shareholders-the-ftc-holds-the-keys/ | https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-debt-share"
    },
    {
      "dataset": "key-figures",
      "id": "stat-ticking-fee-annualised",
      "label": "What a full year of delay past 26 June 2027 adds per share",
      "value": "$2.61/share",
      "provenance": "calculated",
      "sources": "https://www.publicnow.com/view/34EA983A64B48571B113A58B9FF1B9290B9AD141 | https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-ticking-fee-annualised"
    },
    {
      "dataset": "key-figures",
      "id": "stat-signing-to-vote",
      "label": "From signing to the shareholder vote",
      "value": "118 days",
      "provenance": "calculated",
      "sources": "https://www.playpennsylvania.com/news/caesars-shareholders-approve-fertitta-deal-including-harrahs-philadelphia/ | https://www.stocktitan.net/sec-filings/CZR/8-k-caesars-entertainment-inc-reports-material-event-aa4a1dd6843e.html",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-signing-to-vote"
    },
    {
      "dataset": "key-figures",
      "id": "stat-margin",
      "label": "Votes for outnumbered votes against",
      "value": "31.2×",
      "provenance": "calculated",
      "sources": "https://www.stocktitan.net/sec-filings/CZR/8-k-caesars-entertainment-inc-reports-material-event-aa4a1dd6843e.html",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#stat-margin"
    },
    {
      "dataset": "valuation-points",
      "id": "equity-reported",
      "label": "Implied equity value (reported)",
      "value": "$5.700000000000001bn",
      "provenance": "calculated",
      "sources": "https://igamingchronicle.com/caesars-17-6bn-take-private-clears-shareholders-the-ftc-holds-the-keys/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-valuation-bridge"
    },
    {
      "dataset": "valuation-points",
      "id": "equity-calculated",
      "label": "Implied equity value (from disclosed shares × price)",
      "value": "$6.317183844bn",
      "provenance": "calculated",
      "sources": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-valuation-bridge"
    },
    {
      "dataset": "valuation-points",
      "id": "debt-assumed",
      "label": "Debt assumed by Fertitta Gaming Holdco (reported)",
      "value": "$11.9bn",
      "provenance": "reported",
      "sources": "https://igamingchronicle.com/caesars-17-6bn-take-private-clears-shareholders-the-ftc-holds-the-keys/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-valuation-bridge"
    },
    {
      "dataset": "valuation-points",
      "id": "total-reported",
      "label": "Total reported transaction value",
      "value": "$17.6bn",
      "provenance": "reported",
      "sources": "https://www.playpennsylvania.com/news/caesars-shareholders-approve-fertitta-deal-including-harrahs-philadelphia/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-valuation-bridge"
    },
    {
      "dataset": "comparables",
      "id": "caesars-fertitta",
      "label": "Fertitta Gaming Holdco, LLC / Caesars Entertainment, Inc. (2026-05-27)",
      "value": "$~17.6 (incl. ~11.9 debt)bn",
      "provenance": "reported",
      "sources": "https://igamingchronicle.com/caesars-17-6bn-take-private-clears-shareholders-the-ftc-holds-the-keys/",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-comparables"
    },
    {
      "dataset": "comparables",
      "id": "eldorado-caesars",
      "label": "Eldorado Resorts, Inc. / Caesars Entertainment Corporation (2019-06-24)",
      "value": "$~17.3 (reported, incl. debt)bn",
      "provenance": "reported",
      "sources": "https://en.wikipedia.org/wiki/Caesars_Entertainment",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-comparables"
    },
    {
      "dataset": "comparables",
      "id": "harrahs-apollo-tpg",
      "label": "Apollo Global Management & TPG Capital / Harrah’s Entertainment, Inc. (2006-12-19)",
      "value": "$~27.8 (reported, incl. debt)bn",
      "provenance": "reported",
      "sources": "https://en.wikipedia.org/wiki/Caesars_Entertainment",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-comparables"
    },
    {
      "dataset": "comparables",
      "id": "endeavor-silverlake",
      "label": "Silver Lake / Endeavor Group Holdings, Inc. (2024-05-24)",
      "value": "$~13 (reported)bn",
      "provenance": "reported",
      "sources": "https://en.wikipedia.org/wiki/Caesars_Entertainment",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-comparables"
    },
    {
      "dataset": "comparables",
      "id": "crown-blackstone",
      "label": "Blackstone Inc. / Crown Resorts Limited (2021-11-19)",
      "value": "$~6.3 (reported, converted from A$8.9bn)bn",
      "provenance": "reported",
      "sources": "https://en.wikipedia.org/wiki/Caesars_Entertainment",
      "permalink": "https://www.acquiry.com/deal-intelligence/caesars-fertitta-entertainment-take-private/#figure-comparables"
    }
  ]
}