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Fertitta Completes $5.7B Caesars Entertainment Acquisition

Tilman Fertitta has closed his multiyear effort to acquire Caesars Entertainment Inc. He paid $5.7 billion in an all-cash transaction announced Thursday. The deal adds approximately 52 U.S. casinos to his existing entertainment operations. Fertitta, a real estate developer and entrepreneur, pursued the Las Vegas-based gaming company over an extended period before finalizing the agreement. The all-cash structure demonstrates his financial capacity for large-scale acquisitions in entertainment and real estate markets.