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The Independent UK
The Independent UK
National
Via AP news wire

Las Vegas Strip icon Caesars is sold for $6 billion to Fertitta Entertainment

Caesars Caesars Entertainment Entertainment Las Vegas Golden Nugget Morton Rainforest Cafe
Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars - (Getty Images)

The iconic Caesars Entertainment, a name synonymous with the Las Vegas Strip since its 1966 debut, is slated for acquisition by Fertitta, the company behind the Golden Nugget and restaurant chains such as Rainforest Cafe and Morton's.

Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars, putting the total value of the deal at about $17.6 billion.

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