{"id":1096,"date":"2026-05-29T04:33:03","date_gmt":"2026-05-29T04:33:03","guid":{"rendered":"https:\/\/tucsonmovingreport.com\/?p=1096"},"modified":"2026-05-29T04:33:03","modified_gmt":"2026-05-29T04:33:03","slug":"caesars-entertainment-a-las-vegas-strip-icon-is-sold-for-5-7-billion-to-fertitta","status":"publish","type":"post","link":"https:\/\/tucsonmovingreport.com\/?p=1096","title":{"rendered":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta"},"content":{"rendered":"
\n
\n

LAS VEGAS (FOX5) \u2014 Houston-based billionaire Tilman Fertitta plans to buy Caesars Entertainment and take it private in a deal valued at $17.6 billion.<\/p>\n

Read more Barrett-Jackson spotlighted as Arizona small business success story<\/a><\/p>\n

Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars.<\/p>\n

\u201cFertitta Entertainment brings a proven operating model with a track record of successfully integrating and growing leading hospitality and entertainment businesses. The transaction positions Caesars to continue executing on the strategy that has made it the leading casino-entertainment company in the United States,\u201d read part of a news release by Caesars.<\/p>\n

MORE ON FOX5: <\/b>Las Vegas Strip monorail earns back purchase price, generates profit<\/b><\/p>\n

\n
\n

Caesars Entertainment Enters Into Agreement to Be Acquired by Fertitta Entertainment by FOX5 Vegas <\/p>\n<\/p><\/div>\n<\/div>\n

Union response<\/h2>\n

The Culinary Union said 10,000 Culinary Union members are employed at Caesars Entertainment properties throughout the state.<\/p>\n

\u201cCulinary Union has had strong relationships with both Caesars and Tilman Fertitta and we do not see that changing. We anticipate there will be discussions ahead about the full ramifications of this purchase and while we do not know all the details yet, we are confident that based on our relationships with both companies, we will continue to have a positive relationship going forward,\u201d said the Culinary Union.<\/p>\n

Read more Tucson man convicted in federal court for child exploitation crimes<\/a><\/p>\n

It added, \u201cCulinary Union remains committed to ensuring that workers\u2019 rights are respected, their jobs are protected, and the union contract is fully enforced.\u201d<\/p>\n

Expert analysis<\/h2>\n

Amanda Belarmino, an Associate Professor at the William F. Hara College of Hospitality at UNLV, said the acquisition itself drives what happens to jobs.<\/p>\n

\u201cThe thing about this that I think has some potential positives for the current Caesars employees is that while Fertitta has experience in the city with the Golden Nugget, he isn\u2019t a large player,\u201d Belarmino said. \u201cSo, it\u2019s not like when, say, Harrah\u2019s and Caesars merged or when MGM and Mirage merged, where you had a lot of repetition of corporate jobs, probably not going to have that much of that here because there\u2019s not a lot of people here in terms of losing their jobs.\u201d<\/p>\n

Belarmino added, \u201cI did all of my graduate work in Houston so I\u2019m quite familiar with Fertitta, with his operations, and with people who\u2019ve worked for them. And he has a very good reputation as an employer.\u201d<\/p>\n

FOX5 has yet to hear back from Fertitta Entertainment. <\/p>\n

Caesars says its board approved the deal and recommends shareholders vote in favor. Caesars says the agreement includes a \u201cgo-shop\u201d period through July 11. 2026, during which time \u201cCaesars and its financial and legal advisors may solicit, consider and negotiate alternative acquisition proposals from third parties.\u201d<\/p>\n

Read more Pima County detectives make arrest in 50 year old cold case<\/a><\/p>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas\u2019 Golden Nugget and chains like Rainforest Cafe and Morton\u2019s.<\/p>\n","protected":false},"author":1,"featured_media":1095,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"\nCaesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tucsonmovingreport.com\/?p=1096\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report\" \/>\n<meta property=\"og:description\" content=\"Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas\u2019 Golden Nugget and chains like Rainforest Cafe and Morton\u2019s.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tucsonmovingreport.com\/?p=1096\" \/>\n<meta property=\"og:site_name\" content=\"Tucson Moving Report\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-29T04:33:03+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/#\\\/schema\\\/person\\\/71841c7d449e6ab1ace6bce2f5277255\"},\"headline\":\"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta\",\"datePublished\":\"2026-05-29T04:33:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096\"},\"wordCount\":480,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tucsonmovingreport.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9196968e3503bf6f20860cba91fbaf43.avif\",\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096\",\"url\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096\",\"name\":\"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tucsonmovingreport.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9196968e3503bf6f20860cba91fbaf43.avif\",\"datePublished\":\"2026-05-29T04:33:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/#\\\/schema\\\/person\\\/71841c7d449e6ab1ace6bce2f5277255\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#primaryimage\",\"url\":\"https:\\\/\\\/tucsonmovingreport.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9196968e3503bf6f20860cba91fbaf43.avif\",\"contentUrl\":\"https:\\\/\\\/tucsonmovingreport.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9196968e3503bf6f20860cba91fbaf43.avif\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?p=1096#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/tucsonmovingreport.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/#website\",\"url\":\"https:\\\/\\\/tucsonmovingreport.com\\\/\",\"name\":\"Tucson Moving Report\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/tucsonmovingreport.com\\\/#\\\/schema\\\/person\\\/71841c7d449e6ab1ace6bce2f5277255\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/tucsonmovingreport.com\"],\"url\":\"https:\\\/\\\/tucsonmovingreport.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tucsonmovingreport.com\/?p=1096","og_locale":"en_US","og_type":"article","og_title":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report","og_description":"Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas\u2019 Golden Nugget and chains like Rainforest Cafe and Morton\u2019s.","og_url":"https:\/\/tucsonmovingreport.com\/?p=1096","og_site_name":"Tucson Moving Report","article_published_time":"2026-05-29T04:33:03+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tucsonmovingreport.com\/?p=1096#article","isPartOf":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096"},"author":{"name":"admin","@id":"https:\/\/tucsonmovingreport.com\/#\/schema\/person\/71841c7d449e6ab1ace6bce2f5277255"},"headline":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta","datePublished":"2026-05-29T04:33:03+00:00","mainEntityOfPage":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096"},"wordCount":480,"commentCount":0,"image":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096#primaryimage"},"thumbnailUrl":"https:\/\/tucsonmovingreport.com\/wp-content\/uploads\/2026\/05\/9196968e3503bf6f20860cba91fbaf43.avif","articleSection":["Interesting"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tucsonmovingreport.com\/?p=1096#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tucsonmovingreport.com\/?p=1096","url":"https:\/\/tucsonmovingreport.com\/?p=1096","name":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta - Tucson Moving Report","isPartOf":{"@id":"https:\/\/tucsonmovingreport.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096#primaryimage"},"image":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096#primaryimage"},"thumbnailUrl":"https:\/\/tucsonmovingreport.com\/wp-content\/uploads\/2026\/05\/9196968e3503bf6f20860cba91fbaf43.avif","datePublished":"2026-05-29T04:33:03+00:00","author":{"@id":"https:\/\/tucsonmovingreport.com\/#\/schema\/person\/71841c7d449e6ab1ace6bce2f5277255"},"breadcrumb":{"@id":"https:\/\/tucsonmovingreport.com\/?p=1096#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tucsonmovingreport.com\/?p=1096"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tucsonmovingreport.com\/?p=1096#primaryimage","url":"https:\/\/tucsonmovingreport.com\/wp-content\/uploads\/2026\/05\/9196968e3503bf6f20860cba91fbaf43.avif","contentUrl":"https:\/\/tucsonmovingreport.com\/wp-content\/uploads\/2026\/05\/9196968e3503bf6f20860cba91fbaf43.avif","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/tucsonmovingreport.com\/?p=1096#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tucsonmovingreport.com\/"},{"@type":"ListItem","position":2,"name":"Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta"}]},{"@type":"WebSite","@id":"https:\/\/tucsonmovingreport.com\/#website","url":"https:\/\/tucsonmovingreport.com\/","name":"Tucson Moving Report","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tucsonmovingreport.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tucsonmovingreport.com\/#\/schema\/person\/71841c7d449e6ab1ace6bce2f5277255","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/tucsonmovingreport.com"],"url":"https:\/\/tucsonmovingreport.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/posts\/1096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1096"}],"version-history":[{"count":0,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/posts\/1096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=\/wp\/v2\/media\/1095"}],"wp:attachment":[{"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tucsonmovingreport.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}