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

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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, which beat revenue expectations and highlighted strength in the company’s digital segment, even though the company posted a wider-than-expected loss.Despite the recent rally, Caesars' stock remains far below its October 2021 peak near $120, as softer Las Vegas tourism, high debt of about $11.9 billion, and inconsistent earnings have weighed on the company.Interested in Caesars Entertainment, Inc.? Here are five stocks we like better.In Las Vegas, there’s always a new bet to make, and lately, investors are wagering on takeover speculation surrounding Caesars Entertainment Inc. (NASDAQ: CZR). Reports have been swirling that billionaire Tilman Fertitta is in talks to acquire the casino giant in a deal that could value the company at roughly $7 billion, or about $34 per share.With Caesars’ shares trading around $28, leaving roughly 20% upside to the reported buyout price, investors face the tough call of whether to roll the dice and ride the momentum or wait for clearer signals before placing their bets.→ Data Storage to Data Intelligence: Everpure's Big AI Era RebrandRumors of a possible buyout first surfaced in February after the Financial Times reported that Las Vegas-based Caesars was weighing takeover interest from several potential bidders, including Fertitta’s company, Fertitta Entertainment.Fertitta already owns more than 10% of Wynn Resorts Ltd. (NASDAQ: WYNN), underscoring his growing interest and influence in the casino industry. The Wall Street Journal later reported that Fertitta’s offer topped a previous all-cash offer of $33 per share from billionaire investor Carl Icahn’s firm, which Caesars has not officially rejected, according to the report.→ Dollar Tree Planted the Seeds for Triple-Digit Gains in Q4Shares of Caesars, which owns and manages more than 50 properties across the U.S., jumped nearly 20% following the takeover rumors and have continued to trend higher since then.With shares still trading below the rumored deal price, the takeover buzz could leave room for further gains if negotiations progress. Even before the speculation began, the 12-month consensus price target of $33.65 already pointed to upside for the stock. However, because much of the recent rally is tied to buyout chatter, shares could pull back quickly if a deal does not materialize.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersMU Micron Technology, Inc. 461.73 +0.04 (+0.01%)CVNA Carvana Co. 291.17 -23.57 (-7.49%)LNG Cheniere Energy, Inc. 266.22 +14.72 (+5.85%)FIG Figma, Inc. 25.26 -2.19 (-7.98%)ETH-USD Ethereum USD 2,201.44 -130.09 (-5.58%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 26.38 +3.41 (+14.85%)VG Venture Global, Inc. 14.85 +1.88 (+14.50%)ANDG Andersen Group Inc. 28.27 +3.38 (+13.58%)HTFL Heartflow, Inc. 25.47 +2.95 (+13.10%)KC Kingsoft Cloud Holdings Limited 14.78 +1.66 (+12.65%)Top losersSAIL SailPoint, Inc. 12.47 -2.24 (-15.23%)BGSI Boyd Group Services Inc. 140.27 -21.35 (-13.21%)SA Seabridge Gold Inc. 27.01 -3.84 (-12.45%)NG NovaGold Resources Inc. 8.55 -1.19 (-12.22%)RKLB Rocket Lab Corporation 69.48 -9.11 (-11.59%)Most activeNVDA NVIDIA Corporation 180.40 -1.53 (-0.84%)PLUG Plug Power Inc. 2.3200 -0.0100 (-0.43%)ONDS Ondas Inc. 10.83 -0.45 (-3.99%)SOFI SoFi Technologies, Inc. 17.18 -0.19 (-1.09%)AAL American Airlines Group Inc. 10.80 -0.06 (-0.55%)Top economic eventsEarnings eventsMy earnings eventsEarnings events