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Within the span of just a week, the two largest casino-resort operators on the Las Vegas Strip became targets of multibillion-dollar acquisitions.

When Penn Entertainment Inc. CEO Jay Snowden flew into town for the grand opening of the M Resort’s new 375-room hotel tower in December, he told guests attending the ribbon-cutting how excited he was to see all the growth in the neighborhood

For decades, the standard Las Vegas financial engine ran on neon lights, late-night slot pulls and dimly lit, smoke-filled theaters. In 2026, some of the highest revenue generators on the Strip are operating under the blazing desert sun, where a single poolside cabana during a midday DJ set can command a larger minimum spend than a high-limit blackjack table.

The much-anticipated move would give Fertitta control of one of the largest gaming companies in the world and put him in direct competition with MGM.

Houston-based billionaire Tilman Fertitta plans to buy Caesars Entertainment and take it private in a deal valued at $17.6 billion. Fertitta Entertainment will pay $5.7 billion and take on close to $12 billion in debt from Caesars.

The executive cited ongoing financial losses and unsuccessful investment efforts as reasons for the closure.

The family behind Primm Valley Resorts says it is working to revive the fading Nevada gambling hub after mass closure announcements sparked fears that it's about to become a ghost town.

Primm Valley Casino Resorts will close 624 hotel rooms when it shutters this summer