Caesars Names Anthony Rodio as New CEO

Caesars Entertainment has named Anthony Rodio as its new CEO to replace outgoing Mark Frissora, according multiple news reports in the United States.

Rodio is the CEO of Affinity Gaming, and has around four decades in the gaming industry. From 2011 to 2018 he was president and CEO of Tropicana Entertainment.

James Hunt, chairman of Caesars’ board, stated “Tony brings to Caesars a track record of operational excellence, proven leadership and deep industry knowledge and expertise. He is a respected and highly accomplished executive who has successfully built and grown businesses in our industry throughout his career. We are confident that Tony has the vision and depth of operating experience to lead our talented senior management team as Caesars continues its long history of delighting our guests, fostering a welcoming and rewarding workplace for our team members and creating value for shareholders and other stakeholders. Our entire Board looks forward to his leadership in evaluating and executing the Company’s go-forward plans.”

Rodio himself commented, “I have long admired Caesars and am optimistic about the Company’s future prospects. Our industry is going through a time of transition and opportunity and I look forward to leading Caesars’ exceptional team through the Company’s next phase of growth, innovation and value creation.”

Caesars has also been in talks with Eldorado Resorts about a possible merger, an initiative encouraged by billionaire activist investor Carl Icahn, who now controls about 18% of Caesars’ stock. (AGB)