After Caesars Goes Private, These 3 Casino Stocks Are Next on the Buyout List, Ranked

On May 28, 2026, Caesars Entertainment (NASDAQ: CZR) announced a definitive statement to beryllium acquired by Fertitta Entertainment. The all-cash transaction is valued astatine astir $17.6 billion, including the presumption of astir $11.9 cardinal of outstanding debt. Shareholders get $31.00 per share, a 49% premium to the unaffected terms connected February 25, 2026. Financing is locked, the committee has signed off, and a go-shop play runs done July 11, 2026.

Golden Entertainment (NASDAQ: GDEN) CEO Blake Sartini and affiliates announced a take-private woody connected November 6, 2025, that closed connected April 30, 2026. VICI Properties acquired 7 casino existent property assets for $1.16 cardinal successful a sale-leaseback. Golden acceptable the precedent: the laminitis rolls implicit their shares, splits the concern operations from the existent estate, and uses a REIT sale-leaseback to money the buyout. The aforesaid blueprint present lights up the different names connected this list.

The remainder of the determination casino assemblage is present connected the clock. Below are 3 publically traded casino names astir exposed to the adjacent take-private headline, ranked from slightest to astir likely.

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3. Bally's

Bally's (NYSE: BALY) is the cheapest sanction connected the committee with the messiest headdress table. Market headdress is astir $684.8 million, against $4.41 cardinal successful semipermanent indebtedness and a price-to-book of 0.85. The plus basal is sprawling:

• The $4.0 cardinal Bally's Bronx integrated edifice targeting a 2030 opening

• Bally's Chicago nether construction

• A 38% equity involvement successful Star Entertainment successful Australia

• A 58% controlling involvement successful Intralot.

Standard General has chased it before. Reports of acquisition talks with Evoke are circulating. The strategical options are numerous, but the way guardant remains unclear. Shares traded astatine $13.99 connected May 28, 2026, down 15.3% twelvemonth to date.

2. PENN Entertainment

PENN Entertainment (NASDAQ: PENN) has the activistic way grounds and the integer turnaround. Q1 2026 delivered adjusted EPS of $0.11 versus a statement estimation of $0.0206. Consolidated adjusted EBITDA totaled $265.8 million, up 53.4% twelvemonth implicit year. CEO Jay Snowden has guided to 20% conception adjusted EBITDAR maturation successful 2026 and initially an Interactive break-even. Boyd Gaming already tried once. HG Vora forced a committee settlement. Forward P/E is 12x.