Caesars Entertainment Inc
CZR: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| K^ | LOCK|CS | LOCK|FsWyW$g |
Caesars Set to Be Acquired by Fertitta Entertainment
Business Strategy and Outlook
On May 28, Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash. The $17.6 billion transaction adds casinos under the Golden Nugget brand to Caesars' existing portfolio of roughly 50 casinos. Caesars' management team is expected to remain with the new company.
