Caesars Entertainment Shares Surge on Buyout Rumors Amid Q4 Earnings Report

Caesars Entertainment Inc. shares surged on takeover speculation, with billionaire Tilman Fertitta reportedly in talks to acquire the casino giant for $7 billion, or $34 per share. The company's shares traded around $28, leaving 20% upside to the reported buyout price. Caesars' Q4 2025 earnings report pleased Wall Street, with revenue rising 4.2% YoY and a record $85 million in digital segment earnings. However, the company reported a wider-than-expected net loss. Management expects strong net revenue and growth in the digital segment, as well as lower capital spending and cash interest expense.