All posts tagged: Caesars

Tilman Fertitta Nears .7 Billion Caesars Takeover

Tilman Fertitta Nears $5.7 Billion Caesars Takeover

Published by Jenni Sidey

Tilman Fertitta, the Texas billionaire behind Golden Nugget and Landry’s, is nearing a $5.7 billion takeover of Caesars Entertainment — a deal that would dramatically expand his footprint across casinos, hotels, and restaurants, according to Bloomberg. The merger would unite Caesars’ gaming operations with Fertitta’s hospitality empire, which includes brands such as Mastro’s, Bubba Gump Shrimp, Rainforest Cafe, and several casino properties. Certain assets, including the Houston Rockets and some hotels, are expected to stay separate from the deal. Bloomberg reports that Fertitta, 68, began working in his family’s seafood business in Galveston before building Landry’s into one of the country’s largest hospitality companies. After weathering the Texas oil crash in the 1980s, he grew through aggressive acquisitions and entered the casino industry with the purchase of Golden Nugget in 2005. Recognized for his hands-on leadership and lavish business style, Fertitta became a national media figure through CNBC’s Billion Dollar Buyer and later served as U.S. ambassador to Italy and San Marino under President Donald Trump. Caesars would give Fertitta a larger presence on the Las …

Fertitta Entertainment strikes multibillion dollar deal to acquire Caesars operations

Fertitta Entertainment strikes multibillion dollar deal to acquire Caesars operations

Published by skeptic

Fertitta Entertainment plans to buy Caesars Entertainment in an all-cash agreement valued at roughly $17.6 billion, including the assumption of nearly $11.9 billion in debt, the companies said Thursday (May 28). Under the proposed deal, Caesars shareholders would receive $31 in cash for every outstanding share they own. Company executives said that price represents a sizable premium compared with Caesars’ unaffected share price and 30-day average trading levels recorded in late February. NEW: Caesars Entertainment enters into an agreement to be acquired by Fertitta Entertainment in $17.6B transaction @RWW pic.twitter.com/7ixpGcKy3W — Suswati Basu (@suswatibasu) May 28, 2026 Caesars’ board unanimously approved the agreement and is urging shareholders to support the transaction. Directors said the immediate cash value offered to investors made the proposal attractive as the company continues navigating uneven gaming demand and intense online betting competition. If completed, the merger would combine Caesars’ casino resorts, digital gaming brands and loyalty network with Fertitta Entertainment’s Golden Nugget casinos and Landry’s hospitality operations. The combined portfolio would span 60 casino resorts and gaming properties across the …

Caesars faces new lawsuit after second alleged data security breach claims

Caesars faces new lawsuit after second alleged data security breach claims

Published by skeptic

Caesars Entertainment is now facing a proposed federal class action that says the casino and hotel company failed to protect customer information during a second cyber incident, coming after its widely reported 2023 breach. The case was filed in Nevada on behalf of plaintiff Mark Huddleston, a Texas resident who says he has belonged to Caesars Rewards since 2007 and has regularly gambled with Caesars both online and in person. He says Caesars gathered personal information through those transactions and loyalty program activity over many years. NEW: Caesars hit with class action alleging 2026 data breach exposed customer info after 2023 hack, raising fraud fears. @RWW pic.twitter.com/vLVEJAIQ5G — Suswati Basu (@suswatibasu) April 22, 2026 Huddleston is seeking to hold Caesars responsible for injuries allegedly caused by “Caesars’s inadequate data security,” which the complaint says resulted in private information being exposed to unauthorized third parties. The filing refers to the incident as the “Data Breach.” According to the lawsuit, reviewed by ReadWrite, Caesars had already experienced a data breach in September 2023. It alleges that despite …

Harrah’s Oklahoma opens as Caesars enters state with new casino

Harrah’s Oklahoma opens as Caesars enters state with new casino

Published by skeptic

Harrah’s Oklahoma is now open in Chandler, making this Caesars Entertainment’s first managed casino in the state and adding a new gaming destination through its partnership with the Iowa Tribe of Oklahoma. The doors officially opened Thursday (April 9) with a ribbon-cutting ceremony, first bets and a full day of celebrations. Set along Route 66, the property introduces a Las Vegas-style gaming experience to central Oklahoma. Inside, guests will find roughly 1,000 slot machines, a dozen table games and a dedicated high-limit area. Several dining and bar options are already operating, while plans are in place to add a hotel and expand entertainment offerings later. Leaders from both Caesars and the Iowa Tribe described the launch as more than just a casino opening, pointing to its broader impact on the local economy. “This opening has been years in the making, and we’re so excited to be in the home stretch before opening our doors and sharing the Harrah’s experience with the community,” said Joe Scibetta, SVP and general manager of Harrah’s Oklahoma.  Today, we announce …

Massachusetts regulators fine Fanatics, FanDuel, BetMGM, DraftKings and Caesars .5K for betting violations

Massachusetts regulators fine Fanatics, FanDuel, BetMGM, DraftKings and Caesars $80.5K for betting violations

Published by skeptic

Massachusetts regulators handed down $80,500 in fines to five licensed sportsbooks after uncovering eight separate violations tied largely to prohibited betting markets. The Massachusetts Gaming Commission approved the fines in a unanimous 5-0 vote during its March 12 public meeting, saying the enforcement actions are intended to strengthen operator compliance and reinforce consumer protections in the state’s legal betting market. Most of the cases involved wagers that should never have been offered under Massachusetts’ sports wagering catalog, including restricted collegiate player props and other impermissible betting markets. The largest fine of the day went to Fanatics, which must pay $20,000 after offering wagers on a July 26, 2025 UFC bout involving Petr Yan. Massachusetts bars betting on athletes who actively promote or represent Russia or Belarus under current restrictions. Regulators said Fanatics accepted 154 wagers totaling $1,086.76 before the market was identified and shut down. BetMGM received a $15,000 penalty tied to two separate incidents involving the same fighter. In one case, the sportsbook accepted 36 wagers totaling $849 on Yan’s November 23, 2024 fight. …

Harrah’s Oklahoma sets April grand opening date with Caesars despite Q4 losses

Harrah’s Oklahoma sets April grand opening date with Caesars despite Q4 losses

Published by skeptic

Caesars Entertainment and the Iowa Tribe of Oklahoma confirmed that Harrah’s Oklahoma will officially welcome its first guests on April 9, 2026, which will be the debut of a Caesars-managed casino in the state. The news comes as the casino giant reported fourth-quarter earning losses. The company shared the news on X, writing: “In collaboration with the Iowa Tribe of Oklahoma, we officially announce that we will open our doors to @HarrahsOklahoma for the first time on April 9, 2026, bringing the first-ever Caesars-managed experience to the state of Oklahoma.” In collaboration with the Iowa Tribe of Oklahoma, we officially announce that we will open our doors to @HarrahsOklahoma for the first time on April 9, 2026, bringing the first-ever Caesars-managed experience to the state of Oklahoma. Located along historic Route 66, Harrah’s… pic.twitter.com/DTk0PiiBoS — Caesars Entertainment (@CaesarsEnt) February 17, 2026 The new property sits along historic Route 66 and is being built to draw visitors from across the region. When it opens, it is expected there will be 12 table games, 1,000 slot machines …

Caesars rolls out Super Bowl prop betting menu

Caesars rolls out Super Bowl prop betting menu

Published by skeptic

With the Super Bowl just around the corner, Caesars Sportsbook has just debuted its ‘largest-ever prop betting menu’ for the event. The actual event will take place on February 9 at the Caesars Superdome in New Orleans, with the company being the NFL’s first Official Casino Partner and an Official Sports Betting Partner. This year will see the New England Patriots and the Seattle Seahawks go head-to-head. In an announcement, Caesars says it is “proud to launch its largest Super Bowl prop betting menu ever in honor of its standing as the first NFL partner to hold naming rights to the stadium where the Super Bowl will be played, the Caesars Superdome.” The brand says the menu offers thousands of proposition bets, allowing fans to wager on every part of the game, from predicting the outcome of the opening coin toss, to the performance of players, and more. There will also be special themed Quick Picks released daily until kick-off and Live Same Game Parlays and other play-by-play wagering. Caesars gets ready for upcoming Super …