US casino operator Caesars Entertainment has entered into an agreement with outgoing CEO Mark Frissora to delay his resignation date to April 30, 2019.
Caesars said the amendment was entered into for the purposes of continuity of leadership while the company searches for a successor to Frissora.
Frissora first announced his resignation in November and was due to leave the company on February 8, 2019.
In return for the delay, Frissora will receive an equity grant for the 2019 compensation year with a target value of US$7 million. (AGB)