Trump Sold Caesars Stake as Fertitta's $17.6B Deal Closed

President Donald Trump's money managers sold a small stake in Caesars Entertainment (NASDAQ: CZR) on July 29, according to a periodic transaction report filed with the Office of Government Ethics.

Received on Sept. 14, the filing covers 1,156 stock transactions from July. The report landed as Fertitta Entertainment, controlled by billionaire Tilman Fertitta, the U.S. ambassador to Italy and San Marino, closed its $17.6 billion Caesars acquisition.

Beyond Caesars, the filing detailed sales of shares in Rush Street Interactive, VICI Properties, and Sphere Entertainment.

Caesars Sale Size and the $31-Per-Share Fertitta Buyout

The Caesars sale was valued between $1,001 and $15,000. Federal ethics rules require officials to report transaction values in ranges rather than exact amounts. Caesars shares traded largely sideways after the takeover agreement was announced in May.

The filing gives no reason for the sale, and disclosure rules do not require one.

Under the approved deal, Caesars shareholders receive $31 per share in cash, and the company goes private. Valued at $17.6 billion including assumed debt, the transaction ranks among the largest gaming acquisitions in U.S. history.

Rush Street Sold on a Down Day, VICI Stake Also Trimmed

The July 29 batch also included a sale of Rush Street Interactive (NYSE: RSI) shares. That trade was valued between $15,001 and $50,000, larger than the Caesars sale. It landed on a day the iGaming stock fell sharply, despite solid second-quarter results and a raised full-year outlook. Rush Street shares have continued to slide in the weeks since.

A filing also disclosed a VICI Properties (NYSE: VICI) sale valued between $1,001 and $15,000. VICI is the largest gaming-focused real estate investment trust (REIT) in the U.S. Its portfolio includes the real estate beneath Caesars Palace and the Venetian on the Las Vegas Strip. Earlier in September, the REIT raised its dividend for the eighth consecutive year.

Sphere Sales Highlight a Filing Light on Gaming Stocks

Trump's disclosure also showed two sales of Sphere Entertainment (NYSE: SPHR), the company behind the Las Vegas Sphere, both dated July 8. Each was valued between $15,001 and $50,000. Out of 1,156 transactions, only a handful involved gaming stocks. Earlier 2026 disclosures, by contrast, included purchases of DraftKings (NASDAQ: DKNG) and Red Rock Resorts (NASDAQ: RRR) stock. The rest of the president's July trading covered industries ranging from technology to consumer goods.