Caesars Entertainment Enters Into Agreement to Be Acquired by Fertitta Entertainment

LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) announced today that it entered into a definitive agreement to be acquired by Fertitta Entertainment, Inc. (“Fertitta Entertainment”) 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.