According to the reports surfacing about the global casino and gambling operator Caesars Entertainment Corp, the company may soon get its new CEO.
The Wall Street Journal reported on Monday that Anthony Rodio could be the new CEO. Activist investor Carl Icahn who is now also the single largest stakeholder in Caesars has picked him to replace the outgoing Chief Executive Mark Frissora.
The WSJ report claims that the news is almost confirmed and has been revealed by insider sources. The announcement of Mr. Rodio’s appointment can be expected anytime today.
The expected new Caesars Ceo, Anthony Rodio is currently offering his services as Chief Executing Officer to a private gaming firm Affinity Gaming.
Caesars has also been evaluating acquisition bids. It all started in March when investor Carl Icahn went on a roll purchasing stakes in the company to become the largest single stakeholder.
He has also been vocal about his idea of “future for Caesars.” According to Icahn, the way forward for Caesars is either a merger or acquisition.
The company has also received multiple bid offers since the beginning of the year. Just a month ago Eldorado resorts had been considering to crack a merger deal. Also, there were reports about both Tilman Fertitta and Carl Icahn coming together to purchase Caesars.
With a 28.5% stake in the company, Icahn has an undisputed influence over Caesars strategic and operational policies.
It is also being said that the would-be new CEO, Mr. Anthony Rodio is Icahn’s favorite and that it is just a matter of formal announcement when he replaces Mark Frissora.