Caesars Entertainment agreed to a deal with Fertitta Entertainment Inc., owned by Tilman Fertitta, to sell the company for $17.6 billion. The deal would affect multiple gambling verticals in Pennsylvania that Caesars currently owns and operates.
The Pennsylvania Gaming Control Board explained the change-of-control process to PlayPennsylvania. Caesars operates across nearly every gambling vertical in Pennsylvania, including multiple Pennsylvania online casinos.
Not only does Caesars operate numerous iGaming skins, it also controls Harrah’s Philadelphia and Caesars Sportsbook. Those assets would ultimately come under Fertitta Entertainment’s control pending regulatory approval.
PGCB Communications Director Doug Harbach revealed to PlayPennsylvania that Caesars has not yet submitted a petition for change of control, which is required.
