Caesars Entertainment is reportedly planning to name a new CEO, according to the Wall Street Journal citing people familiar with the matter.
The casino operator is expected to name Anthony Rodio as its new chief, who’s currently the CEO of Affinity Gaming. Billionaire activist investor Carl Icahn, who owns 18% stake in Caesars, reportedly wanted to appoint Rodio.
Rodio had previously worked at Tropicana Entertainment, which was once also controlled by Icahn, as reported in the Journal.
Citing people familiar with the matter, the Journal article also suggested that Caesars is likely to announce that it has formed a board committee to work with PJT Partners bankers to weigh takeover interest. According to the Journal, some of the people said that Eldorado Resorts and Golden Nugget have shown interest in bidding for Caesars.