Caesars' Digital Bet Hit Record Numbers. Then Fertitta Bought the Whole Company for a 49% Premium.
Caesars posted record digital earnings and growing same-store EBITDA while carrying $11.9 billion in debt, and five months later Tilman Fertitta agreed to buy the entire company. The question for hotel operators isn't whether the turnaround was real... it's what happens to the tech stack when new ownership walks in.