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Fertitta Entertainment, owner of the Golden Nugget casino chain, on Thursday agreed to buy Caesars Entertainment for $5.7 billion in cash, or $31 per share.

By the numbers: The share price represents a 49% premium over where Caesars was trading on Feb. 25, when deal talk first leaked, and a 7.7% premium to Wednesday's close.

Flashback: The valuation is a far cry from the $30 billion Caesars received when taken private in 2008 by Apollo and TPG.