Reported 4 months ago
Billionaire investor Carl Icahn has acquired a substantial position in Caesars Entertainment Inc., showing support for current management and indicating no plans for an activist campaign at the hotel and casino company. Icahn, known for his involvement in mergers and acquisitions within the gambling sector, notably orchestrated the 2020 merger between Caesars and Eldorado Resorts Inc. Shares in Caesars surged following news of Icahn's stake, with the company's market value reaching approximately $7.6 billion, as reported by Bloomberg.
Source: YAHOO