Caesars Entertainment stock trails USD 31.00 merger payout after vote

Published on 09/28/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caesars Entertainment stock faces the approved Fertitta merger after a 65.4 percent shareholder vote on September 22, 2026. Q2 revenue rose 3.00 percent to USD 2,993 million.

Schwarzweiß-Reportage eines belebten Casino-Spielsaals mit Kronleuchtern und Tischen — Caesars Entertainment Spielhalle in Reno NV dokumentarisch fotografiert, ISIN US12738T1034 an der Börse, Illustration mit AI erstellt.

Caesars Entertainment stock (ISIN US12738T1034) closed at USD 29.59 on Nasdaq on September 25, 2026, down 0.10 percent from the prior session. The central event is the approved Fertitta transaction, which sets a USD 31.00 cash consideration for each eligible share.

Shareholders approve the merger

According to StockTitan, Caesars stockholders approved the merger proposal at the September 22, 2026 special meeting. The vote was 133,313,001 in favor, 4,276,986 against and 5,687,952 abstentions, with votes in favor representing 65.40 percent of shares outstanding on the August 21, 2026 record date.

If the transaction closes, eligible shares convert into USD 31.00 in cash. That is USD 1.41 above the September 25, 2026 Nasdaq closing price, leaving the market value below the contractual payout while regulatory conditions remain important.

Regulatory review adds a counter-factor

Reuters reported on September 17, 2026, that Caesars and Fertitta Entertainment received a second request for information from the Federal Trade Commission on September 14, 2026. The request extends the antitrust review and makes the closing timetable a key variable for the spread between the stock price and the cash consideration.

Revenue grows while EBITDA falls

Caesars reported second-quarter 2026 GAAP net revenue of USD 2,993 million, up from USD 2,907 million in the prior-year quarter, according to StockTitan. The same filing showed a GAAP net loss of USD 62 million, compared with USD 82 million in the prior-year period, while adjusted EBITDA declined from USD 955 million to USD 920 million.

MarketBeat reported on September 20, 2026, that 19 brokerages carried a consensus Hold rating, with 15 Holds, two Buys and two Sells. The average 12-month price target was USD 30.71, USD 1.12 below the merger consideration and USD 1.12 above the September 25 closing price.

Nasdaq price stays below payout

Caesars Entertainment closed at USD 29.59 on Nasdaq on September 25, 2026, with a session high of USD 29.67, a session low of USD 29.59 and volume of 1,735,271 shares. Its market capitalization was USD 6.0 billion, while the 52-week range was USD 17.86 to USD 30.88.