Shareholders have officially approved the Caesars Fertitta Buyout proposal during a special meeting held at the Eldorado Resort Casino in Reno. The decision marks a major milestone for Fertitta Entertainment as it moves forward with its plan to acquire the casino giant. According to documentation filed with the Securities and Exchange Commission, investors overwhelmingly supported the acquisition, clearing one of the largest corporate hurdles in the transaction process.
The official vote tallies showed 133,313,001 votes cast in favor of the merger proposal, while 4,276,986 votes were submitted against it. Another 5,687,952 shares were recorded as abstentions. Overall, the affirmative votes accounted for approximately 65.4% of all outstanding common stock in the enterprise.
Under the agreed terms of the Caesars Fertitta Buyout, the acquiring entity will take over the gaming operator in an all-cash transaction valued at $17.6B, which includes the assumption of $11.9B in existing corporate debt. Individual stockholders are set to receive $31 in cash per share when the acquisition finally closes. Company representatives noted that the $31 per share price provides a 49% premium over the stock valuation recorded on February 25, 2026, which was just before market rumors regarding the potential transaction began to circulate widely.
If the Caesars Fertitta Buyout reaches final completion, the casino network will transition into a wholly owned subsidiary under Fertitta Gaming Holdco LLC. Consequently, common stock will cease trading publicly and will be delisted from the Nasdaq exchange. The merger agreement also specifies a delay fee provision. If the deal fails to close by June 26, 2027, shareholders will receive an additional payment of $0.007150 per share for each day the transaction remains un-finalized beyond that target date.
Despite securing approval from investors for the Caesars Fertitta Buyout, the deal must still overcome regulatory scrutiny before it can officially close. Federal authorities have recently extended their examination of the merger. Specifically, the Federal Trade Commission issued a second request for additional documentation and detailed information from both companies in September. This regulatory action automatically extends the mandatory antitrust waiting period until 30 days after both participating entities fully satisfy the additional disclosure requests. Until all regulatory approvals and remaining contractual terms are satisfied, the transaction remains pending, and investors will receive their cash payouts only after final closure.
