Caesars Shareholders Approve Fertitta’s $17.6bn Take-Private

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Deal Intelligence · Gaming & Leisure

Caesars Entertainment shareholders backed Tilman Fertitta’s take-private on 22 September 2026. The price is fixed, the vote was lopsided, and the deal still needs the FTC and a string of state gaming regulators to say yes.

A public gaming giant heads for private ownership. The vote is done; the regulatory clock is not.

Cite this imageFree to use with credit and a link to Acquiry.

Caesars Entertainment, Inc. (Nasdaq: CZR) told shareholders exactly what they were voting on: $31.00 in cash for every share, paid by Fertitta Gaming Holdco, LLC, the private vehicle for Houston businessman Tilman Fertitta. On 22 September 2026, at a special meeting held at the Eldorado Resort & Casino in Reno, they said yes, decisively.

The mechanics are unusually clean for a deal this size. Empire Merger Sub, Inc. merges into Caesars; Caesars survives as a wholly owned subsidiary of Fertitta Gaming Holdco; shareholders get cash, not stock in a private company they cannot easily value or sell. There is no collar, no exchange ratio, and no exposure to Fertitta’s other businesses.

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Acquiry Deal Intelligence

What the vote cannot do is close the deal. Caesars still needs Hart-Scott-Rodino clearance from the FTC, which issued a second request in mid-September 2026, plus change-of-control approval from casino regulators in New Jersey, Pennsylvania and every other state where it holds a licence. This report sets out the terms, the vote, the money, and the road still ahead.

Executive briefing

Research cut-off 30 September 2026. Figures below are drawn from Caesars’ Form 8-K reporting the special meeting vote and from contemporaneous reporting on the merger terms. Anything not stated in those sources is labelled reported, calculated or illustrative rather than presented as fact.

1. 1.1On 22 September 2026, Caesars Entertainment shareholders voted to approve the Agreement and Plan of Merger signed 27 May 2026, under which Empire Merger Sub, Inc. merges into Caesars and Caesars survives as a wholly owned subsidiary of Fertitta Gaming Holdco, LLC, the vehicle for Houston businessman Tilman Fertitta. Results were certified and reported on Form 8-K the next day.
2. 2.2Eligible shareholders will receive $31.00 in cash for each share, all cash, no stock. If the merger has not closed by 26 June 2027, the price steps up by $0.007150 per share for every day after that, worth about $2.61 a share over a full year of delay.
3. 3.3The vote was decisive: 133,313,001 shares for, 4,276,986 against and 5,687,952 abstaining. Votes for represent about 65.4% of the 203,780,124 shares outstanding on the 21 August 2026 record date, comfortably clearing the majority-of-outstanding threshold Delaware law sets for a merger.
4. 4.4Reported coverage puts the total transaction value at about $17.6 billion: roughly $5.7 billion of equity value plus about $11.9 billion of Caesars debt that Fertitta Gaming Holdco assumes. The cash cheque buys control of the balance sheet, not relief from it.
5. 5.5Shareholder approval was the easy gate. The harder one is regulatory. The FTC issued a second request around mid-September 2026 that extends the Hart-Scott-Rodino waiting period, and Caesars’ casino licences in New Jersey, Pennsylvania and other states still need separate change-of-control approval before the deal can close.

Key facts

Data desk · For media and researchers

Each figure has its own permanent link and a ready-made citation. Journalists, analysts and researchers are welcome to quote them with credit and a link to Acquiry.

• $31.00DisclosedFixed cash price per Caesars share All cash, no stock. Subject to the ticking-fee step-up if closing slips past 26 June 2027.
• 65.4%DisclosedOf all outstanding shares voted for the merger 133,313,001 votes for, out of 203,780,124 shares outstanding on the 21 August 2026 record date.
• 93.0%CalculatedOf votes actually cast approved the merger Against: 4,276,986. Abstain: 5,687,952.
• ~$17.6bnReportedTotal reported transaction value Includes roughly $11.9bn of Caesars debt assumed by Fertitta Gaming Holdco.
• 67.6%CalculatedOf the reported deal value is assumed debt, not cash to shareholders A reminder that the headline number is enterprise value, not the cheque shareholders receive.
• $2.61/shareCalculatedWhat a full year of delay past 26 June 2027 adds per share At the disclosed $0.007150/share/day rate, compounding daily and not annually.
• 118 daysCalculatedFrom signing to the shareholder vote Agreement and Plan of Merger signed 27 May 2026; special meeting held 22 September 2026.
• 31.2×CalculatedVotes for outnumbered votes against 133,313,001 for vs. 4,276,986 against.

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All data-desk figures, comparables and valuation points with sources, provenance and permalinks.

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I

Part I

The deal

What was signed, who signed it, and how shareholders voted.

01·Reporting

Caesars and Fertitta Gaming Holdco signed an all-cash Agreement and Plan of Merger on 27 May 2026. Shareholders voted to approve it on 22 September 2026.

Caesars Entertainment, Inc. (Nasdaq: CZR) filed a Form 8-K (opens in a new tab) on 23 September 2026 reporting the results of a special meeting held the day before. The single most important fact in that filing is arithmetic: 133,313,001 shares voted to adopt the Agreement and Plan of Merger, against 4,276,986 votes against and 5,687,952 abstentions. Caesars shareholders said yes to going private, and they said it with a margin of roughly 31 to 1.

The agreement itself dates to 27 May 2026. Under its terms, Empire Merger Sub, Inc., a subsidiary created for the transaction, merges into Caesars Entertainment, Inc. Caesars survives the merger, but as a wholly owned subsidiary of Fertitta Gaming Holdco, LLC, the acquisition vehicle for Houston businessman Tilman Fertitta. It is a reverse triangular merger, the same basic structure used in most large public-company cash buyouts, and it means Caesars keeps its contracts, its gaming licences and its debt obligations exactly as they stood before the deal, just under new ownership. We walk through the mechanics of that structure in the next section.

The terms, in plain language

• –Price. $31.00 in cash for every eligible share of Caesars common stock, with no stock component and no collar.
• –Ticking fee. If the merger has not closed by 26 June 2027, the price rises by $0.007150 per share for each additional day. We break down what that adds up to in the price section.
• –Structure. Empire Merger Sub, Inc. merges into Caesars; Caesars survives as a wholly owned subsidiary of Fertitta Gaming Holdco, LLC.
• –Record date. 21 August 2026, with 203,780,124 shares of Caesars common stock outstanding and entitled to vote.
• –Vote required. A special meeting on 22 September 2026 at the Eldorado Resort & Casino in Reno, Nevada, where both the merger and a related advisory pay proposal were approved.

Tilman Fertitta is not a newcomer to gaming or hospitality. He is the founder and chief executive of Landry's, the Houston-based restaurant, hotel and entertainment group, and he already owns Golden Nugget Casinos and the Houston Rockets. Fertitta Gaming Holdco is the entity he formed specifically to acquire Caesars, which gives this deal a different character from a private equity consortium buyout: the buyer is a single operator who already runs casinos, not a fund assembling a club deal.

02·Reporting

Votes for outnumbered votes against by roughly 31 to 1. A related say-on-pay proposal was also approved.

A merger vote can clear by a whisker or by a landslide, and the margin tells its own story about how a shareholder base is pricing the deal. This one was not close. Of the 203,780,124 shares outstanding on the 21 August 2026 record date, holders of 133,313,001 shares, about 65.4% of everything outstanding, voted to adopt the merger agreement.

Figure 1

How Caesars shareholders voted on 22 September 2026

The principal proposal: approval of the Agreement and Plan of Merger dated 27 May 2026.

1. 01For133,313,001 65.4% of shares outstanding · 93.0% of votes cast
2. 02Against4,276,986 2.1% of shares outstanding · 3.0% of votes cast
3. 03Abstain5,687,952 2.8% of shares outstanding · 4.0% of votes cast

Method & source. Vote tallies as certified and reported in Caesars’ Form 8-K covering the special meeting held at the Eldorado Resort & Casino, Reno, Nevada. Percent of outstanding uses the 203,780,124 shares outstanding on the 21 August 2026 record date. Percent of votes cast uses only shares actually voted for, against or abstaining on that proposal.

Free to reference with credit and a link to Acquiry.

• –Approval threshold cleared. A majority of shares outstanding, not merely a majority of votes cast, needed to approve the merger under Delaware law. The 65.4% result cleared that bar with room to spare.
• –No adjournment needed. Caesars had asked shareholders to also approve a proposal to adjourn the meeting if more time were needed to reach quorum or votes; the filing indicates it was not required.

II

Part II

The structure

How the cash flows, and what happens if closing runs late.

03·Acquiry analysis

A cash-only structure that leaves Caesars’ debt, licences and contracts in place, just under a new owner.

The structure behind this deal is deliberately unglamorous, and that is the point. Rather than Fertitta buying Caesars’ assets directly, or the two companies combining as equals, Fertitta created Empire Merger Sub, Inc. solely to merge into Caesars. Caesars is the entity that survives, now as a subsidiary of Fertitta Gaming Holdco, LLC. It is the same basic mechanism used in most large US public-company cash buyouts, because it avoids having to individually reassign every contract, lease and gaming licence Caesars holds.

Figure 2

All cash, no collar: how the merger consideration flows

Fertitta Gaming Holdco, LLC

Tilman Fertitta · buyer

Funds the merger via Empire Merger SubMerger Sub → merges into → CaesarsCaesars survives, wholly owned

Caesars Entertainment, Inc.

Target · was Nasdaq: CZR

DisclosedWhat the filing states

• Empire Merger Sub, Inc. merges into Caesars Entertainment, Inc.
• Caesars survives as a wholly owned subsidiary of Fertitta Gaming Holdco, LLC
• Each eligible Caesars share converts into the right to receive $31.00 cash
• Fertitta Gaming Holdco assumes Caesars’ outstanding debt
• No stock, no contingent value right and no collateral disclosed

CalculatedWhy it matters for shareholders

• Shareholders get a fixed price with no exposure to Fertitta’s private balance sheet
• A reverse-triangular merger keeps Caesars’ contracts, licences and debt in place
• Caesars stops filing with the SEC and delists from Nasdaq once the merger closes
• The $31.00 price does not move if gaming stocks rally or sell off before closing

Method & source. Structure as stated in Caesars’ Form 8-K reporting the special meeting vote and in contemporaneous reporting on the Agreement and Plan of Merger dated 27 May 2026. Reading points are Acquiry’s interpretation of the disclosed structure.

Caesars’ casino resort portfolio, spanning dozens of properties, moves to Fertitta Gaming Holdco intact. The merger changes who owns the buildings and the debt against them, not which licences or leases attach to each one.

What shareholders receive in exchange is unusually simple: $31.00 in cash, full stop. There is no stock in the surviving private company, no contingent value right tied to future performance, and no ability to roll equity into the deal that has been disclosed in the reviewed sources. Compare that with Eldorado’s 2020 acquisition of the prior Caesars Entertainment Corporation, which used a mix of cash and stock, discussed further in the comparables section. A pure-cash structure is easier for a board to recommend and easier for shareholders to evaluate, because there is no second company’s stock to underwrite an opinion on.

The other side of that simplicity is what Fertitta Gaming Holdco takes on. Reported figures put the debt assumed in the transaction at roughly $11.9 billion, layered on top of the cash paid to shareholders. That detail matters more than it might look: it means the buyer is not paying off Caesars’ existing lenders and starting fresh, it is stepping into Caesars’ capital structure as it stands. We reconcile how that debt figure fits with the widely quoted $17.6 billion deal value in the valuation section.

04·Acquiry analysis

A fixed price with a disclosed penalty for delay: $0.007150 per share, per day, after 26 June 2027.

Most of what shareholders need to know about the price fits in one sentence: $31.00 in cash per share, no stock, no adjustment for how Caesars or the broader gaming sector performs between signing and closing. The one wrinkle is a ticking fee, a mechanism common in deals expected to face a long regulatory review. If the merger has not closed by 26 June 2027, Caesars shareholders receive an additional $0.007150 per share for every day after that until closing.

Figure 3

What the ticking fee adds up to, day by day

Base cash consideration$31.00

Days closing runs past 26 June 2027Illustrative

days

No closing date is disclosed. This is a reader-supplied scenario, not a forecast of when the deal will close.

Annualized rate

$2.61/yr

$0.007150 × 365 days, or about 8.4% of the $31.00 base price a year, a simple (non-compounding) rate, and only while the fee is accruing.

Total cash per share after 90 daysCalculated

$31.64

$31.00 + (90 × $0.007150) = $31.64

Based on 203,780,124 shares outstanding at the record date. Actual shares eligible to receive consideration at closing may differ from shares outstanding at the record date.

Method & source. Additional amount = $0.007150 per share × reader-supplied days, counted from 1 July 2027 (the first calendar day after the 26 June 2027 deadline) through the day before closing, as set out in Caesars’ Form 8-K. Total payout multiplies the resulting per-share amount by the 203,780,124 shares outstanding and entitled to vote at the 21 August 2026 record date. The fee only accrues if the merger has not closed by 26 June 2027; it does not apply before then.

III

Part III

The numbers

Valuation against reported figures, and how it compares with past gaming take-privates.

05·Acquiry analysis

The widely quoted ~$17.6bn figure is total transaction value, including assumed debt, not the cheque shareholders receive.

Coverage of this deal has settled on one number: about $17.6 billion. It is a real figure, but it is easy to misread if you assume it is the amount of cash changing hands for equity. It is not. iGaming Chronicle (opens in a new tab) and PlayPennsylvania (opens in a new tab) both frame it as total transaction value, which bundles the equity cheque together with roughly $11.9 billion of Caesars debt that Fertitta Gaming Holdco assumes as part of the deal.

• –Reported total value. ~$17.6bn, the figure used across most coverage of the vote.
• –Reported debt assumed. ~$11.9bn of that total is Caesars debt that transfers with the company, not cash paid to shareholders.
• –Implied equity value (reported). Subtracting debt from the reported total implies roughly $5.7bn of equity value.
• –Implied equity value (calculated). Multiplying the disclosed 203,780,124 shares outstanding by the disclosed $31.00 price gives roughly $6.3bn, a few hundred million higher than the reported figure.

06·Reporting

This is not the first time a company operating under the Caesars name has gone from public to private.

The corporate entity being acquired today, Caesars Entertainment, Inc., is itself the product of an earlier take-private. In 2008, Harrah’s Entertainment (opens in a new tab) was taken private by Apollo Global Management and TPG Capital in a leveraged buyout reported at around $27.8 billion including assumed debt. Harrah’s later renamed itself Caesars Entertainment Corporation, went back to public markets, and in 2020 was acquired by Eldorado Resorts in a cash-and-stock deal reported at roughly $17.3 billion. The combined company took the Caesars name and the Nasdaq: CZR ticker that traded until this vote.

Figure 4

From the prior take-private to this one

1. 1.27 May 2026Agreement and Plan of Merger signedCaesars, Fertitta Gaming Holdco, LLC and Empire Merger Sub, Inc. sign the merger agreement at $31.00 cash per share.Completed · Transaction
2. 2.21 Aug 2026Record date set203,780,124 shares of Caesars common stock outstanding and entitled to vote.Completed · Transaction
3. 3.mid-Sep 2026FTC issues a second requestThe Hart-Scott-Rodino waiting period is extended pending further antitrust review.Completed · Transaction
4. 4.22 Sep 2026Special meeting and shareholder voteHeld at the Eldorado Resort & Casino, Reno. Merger and advisory say-on-pay proposals both approved.Completed · Transaction
5. 5.23 Sep 2026Vote results filed on Form 8-KCaesars certifies and reports the tallies for both proposals to the SEC.Completed · Transaction
6. 6.OngoingState gaming licence approvalsNew Jersey, Pennsylvania and other states must separately approve the change of control before closing.Expected · Transaction
7. 7.Not yet setExpected closingNo closing date was set by the shareholder vote. Closing depends on the FTC and outstanding state approvals.Expected · Transaction
8. 8.26 Jun 2027Ticking-fee trigger dateIf the merger has not closed by this date, the price accrues $0.007150/share for each additional day.Expected · Transaction

Method & source. Dates and figures as disclosed in Caesars’ Form 8-K reporting the special meeting vote, and as reported in contemporaneous coverage of the merger terms and regulatory review. Expected items have no confirmed date.

Figure 5

Reference transactions: what each headline number actually measures

5 transactions

• Fertitta Gaming Holdco, LLC → Caesars Entertainment, Inc.May 2026 · Shareholder-approved; awaiting regulatory clearance Reported US$~17.6 (incl. ~11.9 debt)bn All cash, $31.00/share, plus a per-day ticking fee if closing slips past 26 Jun 2027 Reported total transaction value including assumed debt. Stake: 100%.
• Silver Lake → Endeavor Group Holdings, Inc.May 2024 · Completed 2025 Reported US$~13 (reported)bn All cash Reported equity value of the take-private. Stake: 100% of public float.
• Blackstone Inc. → Crown Resorts LimitedNov 2021 · Completed 2022 Reported US$~6.3 (reported, converted from A$8.9bn)bn All cash Reported total transaction value; Australian casino operator. Stake: 100%.
• Eldorado Resorts, Inc. → Caesars Entertainment CorporationJune 2019 · Completed 2020 Reported US$~17.3 (reported, incl. debt)bn Cash and stock Reported total transaction value at announcement; combined company took the Caesars name. Stake: 100%.
• Apollo Global Management & TPG Capital → Harrah’s Entertainment, Inc.Dec 2006 · Completed 2008 Reported US$~27.8 (reported, incl. debt)bn All cash, leveraged buyout Reported total transaction value; predecessor take-private that later became Caesars Entertainment. Stake: 100%.

Method & source. Values in US$ billions as announced or as reported where the parties did not state a price. Headline values are not like-for-like: they mix fixed-ratio and fixed-value stock deals, cash deals, a minority investment and a financing round. The Xilinx figure is the value at announcement; value at completion was higher because the exchange ratio was fixed. Not a valuation range.

IV

Part IV

What it means

The regulatory road still ahead, and our assessment.

07·Reporting

A second request from the FTC and a wall of state gaming approvals stand between the vote and closing.

A shareholder vote answers one question: does the ownership of the company want to sell at this price. It does not answer whether the deal is allowed to close, and in a deal this size, that second question runs through Washington and through every state gaming commission where Caesars holds a licence. Around mid-September 2026, ahead of the vote itself, the Federal Trade Commission issued what is known as a second request, a formal demand for more information under the Hart-Scott-Rodino Act (opens in a new tab) that extends the antitrust waiting period until the agency is satisfied.

Every state where Caesars holds a gaming licence runs its own change-of-control review. The FTC review sits in parallel, not in sequence, but neither can be skipped.

• –FTC / Hart-Scott-Rodino review. A second request extends the waiting period indefinitely until Fertitta Gaming Holdco satisfies the agency’s information demands; there is no fixed deadline for this step.
• –State gaming licence approvals. Every state where Caesars operates under a gaming licence, including New Jersey and Pennsylvania, must separately approve the change of control before that state’s properties can transfer to Fertitta Gaming Holdco.
• –Harrah’s Philadelphia. Coverage of the vote specifically calls out Harrah’s Philadelphia Casino & Racetrack as part of the transaction, which means Pennsylvania regulators are one of the named approvals still outstanding.

None of this changes the price shareholders will receive, but it is the entire reason the ticking fee discussed in the price section exists. No closing date has been set. The 26 June 2027 date in the merger agreement is not a scheduled close, it is the point at which delay starts costing the buyer real money on top of the fixed price.

08·Acquiry analysis

Antitrust review is the near-term gate. A state-by-state licensing process follows it.

Every large regulated take-private carries a specific set of risks between signing and closing that are distinct from the risk a shareholder vote addresses. Below is our register of the ones with clear disclosed or reported grounding in this deal, alongside what would mitigate each.

Figure 6

What could still delay or derail the deal

Method & source. Disclosed column reflects statements in Caesars’ Form 8-K and contemporaneous reporting. Acquiry view and rating are Acquiry’s independent assessment, not a disclosed probability.

09·Acquiry analysis

The vote was never the hard part of this deal. The FTC and the states were, and still are.

Strip away the regulatory overlay and this is a straightforward transaction: a single, well-capitalised operator who already runs casinos offers a fixed cash price for a company whose board and shareholders had every reason to take it. The 65.4%-of-outstanding approval margin is consistent with a shareholder base that had already priced the deal as likely to close, eventually, and preferred a certain $31.00 today over an uncertain multi-year hold in a private company they could no longer trade.

• –For the deal to move faster. The FTC would need to close its second request review without requiring a divestiture or a consent decree, and the remaining state gaming commissions would need to run their licensing reviews in parallel rather than in sequence.
• –For the deal to slip toward or past mid-2027. A protracted FTC review, a contested state licence hearing, or a financing complication tied to the assumed debt would each independently push the timeline toward the point where the ticking fee starts to bite.

Reference

Who is taking Caesars Entertainment private?+

Fertitta Gaming Holdco, LLC, the acquisition vehicle for Houston businessman Tilman Fertitta. Under the Agreement and Plan of Merger signed 27 May 2026, Empire Merger Sub, Inc. merges into Caesars Entertainment, Inc., and Caesars survives as a wholly owned subsidiary of Fertitta Gaming Holdco.

How much will Caesars shareholders receive per share?+

$31.00 in cash for each eligible share, with no stock component. If the merger has not closed by 26 June 2027, the price increases by $0.007150 per share for every additional day, which works out to roughly $2.61 more per share over a full year of delay.

Did Caesars shareholders approve the deal?+

Yes. At a special meeting on 22 September 2026 at the Eldorado Resort & Casino in Reno, Nevada, 133,313,001 shares voted for the merger, 4,276,986 voted against, and 5,687,952 abstained. Votes for represented about 65.4% of the 203,780,124 shares outstanding on the 21 August 2026 record date.

How much is the Caesars-Fertitta deal worth?+

Coverage of the deal puts the total transaction value at roughly $17.6 billion, made up of about $5.7 billion of equity value plus roughly $11.9 billion of Caesars debt that Fertitta Gaming Holdco assumes. Calculating equity value directly from the disclosed share count (203,780,124) times $31.00 gives a slightly higher figure of about $6.3 billion, a normal rounding gap between reported headline figures and a precise share-count calculation.

When will the Caesars-Fertitta merger close?+

No closing date has been set. The shareholder vote cleared one condition, but the merger still needs Hart-Scott-Rodino antitrust clearance from the FTC, which issued a second request extending its review around mid-September 2026, plus separate change-of-control approvals from state gaming regulators, including in New Jersey and Pennsylvania.

What is the FTC second request and why does it matter here?+

A second request is a formal demand for more information under the Hart-Scott-Rodino Act, issued when a federal antitrust regulator wants to dig deeper before a deal can close. The FTC issued one in this case around mid-September 2026, which extends the waiting period and adds regulatory risk and time to the transaction beyond the shareholder vote.

What happens to Harrah’s Philadelphia and Caesars’ other properties?+

Coverage of the shareholder vote specifically notes that it covers the full Caesars portfolio, including Harrah’s Philadelphia Casino & Racetrack in Chester, Pennsylvania. Pennsylvania regulators, like those in other states where Caesars holds gaming licences, still need to approve the change of control separately from the shareholder vote before the deal can close.

Was the Caesars shareholder vote close?+

No. Votes for outnumbered votes against by roughly 31 to 1 (133,313,001 versus 4,276,986), and the merger cleared the majority-of-outstanding-shares threshold with room to spare. A related advisory proposal on executive compensation tied to the merger (say-on-pay) was also approved at the same meeting.

This analysis draws first on Caesars Entertainment’s Form 8-K reporting the results of its 22 September 2026 special meeting, filed with the SEC and republished via StockTitan and Public/PublicNow. Reporting from PlayPennsylvania and iGaming Chronicle is used for deal-value figures and regulatory context that the 8-K itself does not state, and is labelled as reported.

Every figure in this article carries a label. Disclosed means stated in Caesars’ own SEC filing. Reported means attributed to the press coverage named alongside it. Calculated means derived by Acquiry from disclosed or reported inputs, with the method shown. Illustrative means a reader-controlled input used to demonstrate a mechanism, such as the ticking-fee calculator.

The reported ~$17.6bn total value and ~$11.9bn assumed-debt figures come from secondary coverage, not from Caesars’ own filings reviewed in this research pass. Where those figures imply an equity value that differs from a direct share-count calculation, both numbers are shown rather than reconciled artificially.

Research cutoff: 30 September 2026. No closing date had been set as of that date. This article will be updated as the transaction progresses toward regulatory clearance and closing.

Independence. Acquiry was not engaged by any party to this transaction. This is independent research compiled from public sources and is not a solicitation, investment advice, or an offer to buy or sell any security. Acquiry holds no disclosed position in Caesars Entertainment, Inc. or any Fertitta entity.

Numbered to match the superscript citations. Sources marked “not independently retrieved” are cited as reported and were not verified against the original.

1. 1.1Caesars Entertainment, Inc. Reports Material Event (Form 8-K: special meeting vote results) (opens in a new tab)Caesars Entertainment, Inc. / U.S. Securities and Exchange Commission (via StockTitan) · 23 September 2026 · SEC filing
2. 2.2Caesars Entertainment, Inc.: Form 8-K, special meeting proposal results (opens in a new tab)Caesars Entertainment, Inc. / SEC EDGAR (republished via Public/PublicNow) · 23 September 2026 · SEC filing
3. 3.3Caesars Shareholders Approve Fertitta Deal, Including Harrah’s Philadelphia (opens in a new tab)PlayPennsylvania · 29 September 2026 · Press / data provider
4. 4.4Caesars’ $17.6bn Take-Private Clears Shareholders. The FTC Holds the Keys (opens in a new tab)iGaming Chronicle · 29 September 2026 · Press / data provider
5. 5.5Historical gaming and casino take-private transactions (public record) (opens in a new tab)Public record; general secondary reporting · 30 September 2026 · Press / data provider · Not independently retrievedUsed only for the comparables table (Harrah’s/Apollo–TPG 2008, Eldorado–Caesars 2020, Crown Resorts–Blackstone 2022, Endeavor–Silver Lake 2024). These are widely reported historical deal values, not independently re-verified against primary filings during this research session.
6. 6.6Acquiry Deal Intelligence calculations and assessmentsAcquiry · 30 September 2026 · Acquiry calculationAll calculations use the disclosed or reported inputs named alongside them. Method shown in each figure.

Analyst, Acquiry Deal Intelligence, Acquiry

Joash covers M&A across technology, finance and gaming for Acquiry, with a focus on deal structure and closing risk.

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