FERTITTA ENTERTAINMENT ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE CAESARS ENTERTAINMENT IN $17.6 BILLION TRANSACTION

Combined Company to Create a Leading Hospitality, Gaming, and Loyalty Ecosystem HOUSTON, May 28, 2026 /PRNewswire/ -- Fertitta Entertainment, Inc. announced today that it has entered into a definitive agreement to acquire Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") in an all-cash transaction valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of Caesars' outstanding debt. Under the terms of the agreement, Caesars' shareholders will receive $31.00 in cash for each outstanding Caesars' share.