Close

Cart

Total $0.00

Checkout

LAS VEGAS – April 17, 2019 – Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment", "Caesars" or the "Company") today announced that its Board of Directors has named Anthony ("Tony") Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. He will join the Company's Board of Directors and be based in Las Vegas. The Board also announced the creation of a Transaction Committee to oversee the Company's evaluation of ongoing efforts in creating additional shareholder value.

"Tony brings to Caesars a track record of operational excellence, proven leadership and deep industry knowledge and expertise," said James Hunt, Chairman of Caesars' Board. "Tony 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."

Mr. Rodio 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."

Mr. Rodio has nearly four decades of experience in the gaming industry. Since October 2018, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to this, he served as President, Chief Executive Officer and a member of the Board of Directors of Tropicana Entertainment, Inc. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects including the complete renovation of Tropicana Atlantic City and Tropicana's move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Prior to Tropicana, Mr. Rodio held a variety of roles at Hollywood Casino and Harrah's Entertainment.

Transaction Committee

The Board's Transaction Committee, composed of independent directors, will continue to consider and evaluate various paths for enhancing shareholder value, including continuing to operate as an independent public company. The Committee members are Thomas Benninger, Keith Cozza, Don Kornstein and Courtney Mather. The decision to form this Committee follows inquiries from industry participants concerning possible transactions with Caesars. PJT Partners LP is assisting the committee with this process.

There can be no assurance that the exploration with other industry participants will result in any transaction or other result. The Committee has not set a timetable for completion of its review, and it does not intend to comment further regarding these matters unless a specific transaction or other alternative is approved by the Board of Directors or it is otherwise determined that further disclosure is appropriate or required by law.


About Tony Rodio
Mr. Rodio, 60, served as Chief Executive Officer of Affinity Gaming since October 2018 and has over 37 years of experience in the casino industry.

Mr. Rodio started his gaming career in 1980 as an accounting clerk and transitioned into the management ranks, holding a succession of executive positions for casino brands including Harrah's Entertainment, Trump Marina Hotel Casino, the Atlantic City Hilton Casino Resort and Penn Gaming.

Before leading the Affinity team, Mr. Rodio served as Chief Executive Officer and President of Tropicana Entertainment Inc. for over 7 years. During his tenure, he oversaw the deployment of significant capital investments and dramatically increased the earnings of the enterprise.

He has also served on the boards of professional and charitable organizations including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation, and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism.

Mr. Rodio holds a Master of Business Administration from Monmouth University and a Bachelor of Science from Rider University.

About Caesars Entertainment

Caesars Entertainment is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. Caesars Entertainment's portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com.

Contact: Stephen Cohen

(347) 489-6602

Related News

NIZUC Resort & Spa Welcomes Alicia Acevedo as Spa Director

Provenance Hotels Appoints Connie Shaheen as General Manager at The Revolution Hotel

Sage Hospitality Appoints Joseph Steiskal Dual General Manager for Boulder’s Embassy Suites by Hilton & Hilton Garden Inn

Amy Johnson Named General Manager of The Confidante Miami Beach

Drew Clarke Joins Waldorf Astoria Beverly Hills as Director of Sales and Marketing

Manuel Ferriol Appointed General Manager of Luxurious New Meliá Ho Tram Beach Resort in Vietnam

Auro Hotels Welcomes Kirby Smith as Vice President of Sales & Marketing

Montage Laguna Beach Appoints David Serus as Executive Chef

Owned by Key International and Managed by LBA Hospitality, Hampton Inn New Smyrna Beach Completes Major Renovation

Teneo Hospitality Group Names April Egloff Director of Sales Midwest

Caesars Entertainment to Sell Interest in Emerald Resort & Casino to South Africa-Based Peermont Hotels, Casinos and Resorts for $49 Million

Sonesta Appoints Mark Ernst as General Manager for Sonesta Silicon Valley

White Lodging Names Kevin Croy General Manager of the New Hampton Inn & Suites Fort Wayne Downtown Opening Mid-July

Fusion Appoints Hylton Lipkin as General Manager to Alba Wellness Valley by Fusion

The Candler Hotel Appoints Executive Team in Anticipation of Summer 2019 Opening

Hotel Equities Promotes Bryan DeCort to Executive Vice President

Park Hotels & Resorts Appoints Christopher Akoury as General Manager of Hilton Short Hills

BENCHMARK®, a global hospitality company, Names Orlando Ramos Director of Food and Beverage for The Ridge

Scrub Island Resort, Spa & Marina, BVI Appoints Chloe St-Cyr as New Executive Chef

The Garden Court Hotel Palo Alto Appoints Connie Villeta as New Director of Sales and Marketing

All News »

Please login or register to post a comment.