• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 10 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Carl Icahn increases stake to become Caesars Entertainment’s largest shareholder

Newsdesk by Newsdesk
Sun 10 Mar 2019 at 05:18
Caesars
8
SHARES
57
VIEWS
Print Friendly, PDF & Email

US billionaire Carl Icahn has become the single largest stakeholder in Caesars Entertainment after increasing his stake from 9.8% to 15.53%.

The renowned businessman, who only revealed in February his acquisition of an initial interest in Caesars, issued an SEC filing on Friday which disclosed that he had acquired an additional 38.9 million shares for almost US$331 million.

Private equity firms TPG Capital and Apollo Global Management later filed SEC statements showing they had offloaded a combined 36.7 million shares to Icahn.

Icahn has made no secret of his desire to either sell or merge Caesars in what he has described as a “great opportunity for certain investors.”

Earlier this month the company agreed to replace three board members with Icahn selections, with The Icahn Group’s Keith Cozza, Courtney Mather and James Nelson quickly taking up those positions. A fourth seat on the board is on offer to Icahn should Caesars fail to find a replacement for departing CEO Mark Fissora within 45 days.

Caesars operates 55 IRs, casinos and hotels globally and is owner of the prestigious World Series of Poker brand, which celebrates its 50th anniversary in 2019. The company is also currently developing its first integrated resort in Asia, Caesars Korea in Incheon. The US$700 million project is due for completion in 2021.

 

RelatedPosts

MGM Resorts COO Corey Sanders to retire after 30 years with company

MGM Resorts COO Corey Sanders to retire after 30 years with company

Sun 7 Sep 2025 at 11:35
AGEM Index up 14.4% in October on Aristocrat, Light & Wonder stock price gains

AGEM Index grows 5% in August as Konami, Aristocrat show strong stock performance

Fri 5 Sep 2025 at 05:56
Report shows Genting Malaysia subsidiary ranked sixth for money spent on New York lobbyists in 2020

SPAC firm involved in failed Okada Manila merger and US listing placed into Chapter 11 bankruptcy by founder Jason Ader

Wed 3 Sep 2025 at 06:06
Zitro: Spanish flair

Zitro teases big reveal at G2E Las Vegas 2025

Mon 1 Sep 2025 at 14:40
Load More
Tags: Caesars Entertainment CorpCarl IcahnMark FrissoraNorth AmericasalesharesstakeUSA
Share7Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

2025 IAG EXPO: Day 1 Highlights

2025 IAG EXPO: Day 1 Highlights

by Newsdesk
Tue 9 Sep 2025 at 18:19

Take a look around on this milestone day for IAG as we launch the first ever IAG Exhibition – part of the 2025 IAG EXPO at Manila’s Newport World Resorts. IAG EXPO also comprises welcome event Manila After Dark, the...

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

by Newsdesk
Tue 9 Sep 2025 at 17:57

Aristocrat Gaming’s Lloyd Robson sits down with IAG at the IAG LIVE booth at IAG EXPO to discuss his thoughts on the Philippines market. Lloyd also explains the products Aristocrat has on show at IAG EXPO and provides some insight...

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

by Ben Blaschke
Tue 9 Sep 2025 at 17:40

Philippine gaming regulator PAGCOR has submitted relevant documentation and is awaiting approval from the Governance Commission for Government-Owned and Controlled Corporations (GCG) to proceed with privatization of its Casino Filipino properties, according to PAGCOR Chairman and CEO Alejandro Tengco. The...

Locals Game

The Grand Ho Tram submits proposal for two-phase financing of freeway project connecting to Vietnam’s soon-to-open Long Thanh International Airport

by Newsdesk
Tue 9 Sep 2025 at 17:25

The owners of Vietnam’s The Grand Ho Tram are one of two separate groups to have proposed the construction of a major four-lane expressway connecting their integrated resort to the new Long Thanh International Airport currently being built in nearby...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語