Caesars Surges on Buyout Buzz. Should Investors Take the Bet?

Caesars Entertainment casino floor with slot machines and gaming tables, highlighting the company’s branding amid takeover speculation in the casino industry. Key Points Shares of Caesars Entertainment jumped nearly 20% after reports surfaced that billionaire Tilman Fertitta is in talks to acquire the company in a deal that could value the casino operator at about $7 billion, or roughly $34 per share. Investor sentiment had already started to improve following Caesars’ fourth-quarter earnings report, wh ...