March 14 (Reuters) – Fertitta Entertainment is negotiating to buy Caesars Entertainment for $32 per share, at an fairness worth of $6.5 billion, CNBC reported on Saturday, citing sources shut to the scenario.
Fertitta’s phrases for Caesars embody an enterprise worth of $31.5 billion, given the gaming firm’s substantial debt, the report mentioned.
“As a matter of policy, we don’t comment on rumors or market speculation,” Caesars mentioned in an emailed response to Reuters.
Reuters couldn’t instantly confirm the report. Fertitta Entertainment didn’t instantly reply to Reuters’ request for remark exterior common enterprise hours.
Deal talks are going down inside a 45-day unique window, this weekend at Fertitta’s headquarters in Houston, CNBC added.
The Wall Street Journal reported earlier this week that Fertitta Entertainment has been discussing paying round $34 a share for Caesars, giving it a worth of roughly $7 billion.
The on line casino operator additionally acquired an all-cash supply of round $33 a share from Icahn Enterprises, the publicly traded firm that homes billionaire Carl Icahn’s investments, the Journal mentioned.
Icahn first made a pleasant bid for Caesars in January, providing $28.50 per share with the reassurance that current administration would stay in place, the CNBC report mentioned.
Icahn Enterprises didn’t instantly reply to a request for remark.
Icahn is in partnering with a big digital gaming firm, in a transfer that might doubtlessly mix Caesars’ digital playing operations with theirs, CNBC added.
Caesars has reported a internet loss for 4 consecutive quarters, damage by softening customer numbers in Las Vegas, which fell considerably in 2025.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Chizu Nomiyama and Diane Craft)