Fertitta Acquires Nine Caesar’s Las Vegas Resort Casinos

Fertitta Entertainment Inc. is expanding its global gaming and hospitality holdings with the acquisition of Caesars Entertainment Inc., in an all-cash transaction for $5.7 billion. The deal calls for Fertitta to assume approximately $11.9 billion of Caesars’ outstanding debt, creating a total transaction value of about $17.6 billion. Once the deal closes, Fertitta Entertainment will...