{"id":122,"date":"2026-05-28T15:10:31","date_gmt":"2026-05-28T15:10:31","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=122"},"modified":"2026-05-28T15:10:31","modified_gmt":"2026-05-28T15:10:31","slug":"caesars-a-las-vegas-landmark-will-be-sold-for-nearly-6-billion","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=122","title":{"rendered":"Caesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion"},"content":{"rendered":"
\n

Key Background<\/h2>\n

Fertitta approached Caesars about a merger in 2018 and reportedly bought up shares the following year, but never closed the deal. Combining Caesars’ roughly 50-plus casinos\u2014including eight properties on the Strip, among them Caesars Palace, Harrah’s and Planet Hollywood\u2014with his Golden Nugget and Landry’s holdings would create one of the largest privately held hospitality operations in the country. The Caesars of today is actually the result of an earlier merger. Back in 2020, a smaller casino company called Eldorado Resorts bought the original Caesars, which was older and weighed down by a lot of debt, with Eldorado keeping the better-known Caesars name for the combined company. That deal happened partly because billionaire investor Carl Icahn had bought up a big chunk of Caesars and pushed hard for a sale. Since then, Caesars has bet big on online sports betting, but it’s still carrying heavy debt and has been hurt by fewer people visiting Las Vegas.<\/p>\n

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Forbes Valuation<\/h2>\n

Forbes estimates Fertitta\u2019s net worth to be $11 billion. A majority of his fortune comes from his ownership of Fertitta Entertainment\u2019s restaurant and hospitality company Landry\u2019s, while his ownership of the Houston Rockets and minority stake in companies including Wynn Resorts and DraftKings also add to his wealth. Landry\u2019s owns more than 600 properties in the U.S. and in over 15 countries including luxury hotels and casinos, as well as more than 60 restaurants including New York\u2019s Strip House, Mastro’s, Catch, Morton’s, McCormick & Schmick’s and Chart House. <\/p>\n

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Tangent<\/h2>\n

Fertitta ranked 23rd on Forbes\u2019 list of the world\u2019s richest sports team owners in March. To avoid conflicts of interest after assuming his ambassador role, he resigned from roles at his companies\u2014though maintaining his ownership\u2014and handed day-to-day control of the Rockets to his son who has helped keep the Rockets on top. In July 2025, Patrick Fertitta made one of the largest trades in NBA history for Kevin Durant, one of the highest paid and most decorated basketball players in the league. Last October, Durant signed a two-year, $90 million contract extension with the Rockets.<\/p>\n

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<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Caesars agreed to the purchase in a Thursday announcement. <\/p>\n","protected":false},"author":1,"featured_media":121,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nCaesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=122\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"Caesars agreed to the purchase in a Thursday announcement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=122\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T15:10:31+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Caesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion\",\"datePublished\":\"2026-05-28T15:10:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122\"},\"wordCount\":407,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/5e858654e1f374c86e29e0dec63df5d9.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=122\",\"name\":\"Caesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion - 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