Caesars Entertainment CEO stepping down
Mark Frissora is stepping down as Caesars Entertainment CEO.
Frissora has been in the role for the past three years and will stay on until February next year.
He was previously CEO at Hertz.
No replacement has been announced yet.
The news of Frissora’s departure came as the company announced its third-quarter earnings, posting $2.19 billion in revenue.
That was slightly down on market expectation.
Still, Caesars stock price finished up 3% at $8.85 per share.
Last month Golden Nugget Casino owner Tilman Fertitta proposed a reverse merger with Caesars Entertainment but the company revealed it had rejected it.
Caesars ‘determined that it is not consistent with the Company’s plans to create and enhance shareholder value over the long term,’ it said in the earnings release.
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