CZR Stock Surges 19% on Fertitta Buyout Buzz
February 27, 2026·about 7 hours ago·via Yahoo Finance
Caesars Entertainment shares rocket 19% to close at $24.74 Thursday amid reports the casino giant reviews takeover bids, including one from Tilman Fertitta's Fertitta Entertainment, owner of the Golden Nugget chain. The company also eyes a management-led buyout to keep leadership in place. This buzz follows mixed Q4 results: revenue climbs 3.6% to $2.9 billion with record $85 million adjusted EBITDA from Caesars Digital, but swings to a $250 million net loss.
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