Entertainment
Carl Icahn Builds Sizable Stake in Casino Group Caesars
- Icahn says no plans for activism at Caesars, backs CEO
- Caesars shares rise most in more than 18 months in New York
This article is for subscribers only.
Carl Icahn has amassed a sizable position in Caesars Entertainment Inc., people familiar with the matter said, but has no plans to repeat a previous activist campaign at the hotel and casino group.
Icahn, who pressed for the 2020 merger of Caesars and Eldorado Resorts Inc. that created the latest version of the company, is supportive of existing management.