Content on this page may include affiliate links. If you click and sign up/place a wager, we may receive compensation at no cost to you.
Fertitta seeking to acquire three Atlantic City casinos from Caesars
Golden Nugget Atlantic City owner Tilman Fertitta is currently trying to acquire Caesars Entertainment for $7 billion, which would also give him control over Caesars, Harrah's, and Tropicana in AC
Texas-based billionaire Tilman Fertitta already owns the Golden Nugget Atlantic City Hotel & Casino. He's now in talks to acquire Caesars Entertainment, which would give him control over Atlantic City's Tropicana, Harrah's, and Caesars resorts. The deal would also see Fertitta scoop the popular Caesars Palace Online Casino that's available in NJ, PA, WV, and MI. You can collect a $10 sign-up bonus and up to $1,000 in casino credits when signing up at Caesars Online Casino with promo code SPORTSLINE2500 here:
Everything hinges on $7 billion Caesars acquisition
Fertitta Entertainment has offered $7 billion to acquire Caesars Entertainment and all of its properties. The entire deal would be worth $31.5 billion when accounting for the company's debt. Fertitta would receive over 50 properties currently owned by Caesars.
If his offer goes through, Fertitta will add three more Atlantic City casino resorts to his portfolio. With four of the city's nine casinos, he'd control almost half of the local gaming market.
However, Fertitta has competition from fellow billionaire Carl Icahn, who already owns a sizable stake in Caesars. Icahn has proposed paying $33 per share, or $6.7 billion total, to buy out the company. But he only serves as a backup bidder under the current proposal.
Fertitta could re-enter the online casino industry
In addition to acquiring over 50 resort properties, Fertitta would return to the US iGaming space. He sold the Golden Nugget online casino to DraftKings for $1.56 billion in 2022. Fertitta received stock in DraftKings Inc. as compensation but surrendered control over his company's online gaming arm. Speaking of Golden Nugget and one of the fastest payout online casinos, you can sign up for Golden Nugget and receive up to 500 Flex Spins when you wager $5+.
Provided Fertitta takes over Caesars, he'd once again be running online casino brands. Tropicana and Caesars Palace Online—two of the most popular NJ online casinos—would be part of the $7 billion deal. In addition to operating in NJ, Caesars Palace Online is also available in PA, MI, and WV and is a Visa casino.
Odds on Fertitta taking over Caesars Entertainment
Kalshi is offering prediction markets on whether or not "Caesars will be acquired this year?" Roughly 75% of those taking part currently believe that an acquisition will happen through Fertitta, Icahn, or another entity in 2026.
The odds favor Fertitta taking control of Caesars since he's currently the leading bidder. However, both sides are still in negotiations over the $7 billion offer. Even if they agree on a deal, Fertitta Entertainment will have its hands full unwinding Caesars' multi-billion-dollar debt structure. A 2015 bankruptcy, merger with Eldorado Resorts, and large lease operations complicate the debt situation.
That said, it remains to be seen whether Fertita will add Caesars Palace Online Casino, three Atlantic City casinos, and dozens of other Caesars properties to his portfolio. Regardless of what happens, you can still get the Caesars bonus by using promo code SPORTSLINE2500, which nets you up to $1,000 casino credits, plus a $10 bonus just for registering.
