Caesars confirms Rodio as new CEO

Caesars confirms Rodio as new CEO

Anthony Rodio has been confirmed as Caesars’ new CEO. Credits: bizjournals.com

Anthony Rodio has been confirmed as the replacement for Mark Frissora as CEO of Caesars Entertainment.

US.- Caesars Entertainment announced on Tuesday that its Board of Directors has named Anthony Rodio as Chief Executive Officer (CEO). Rodio, currently CEO of Affinity Gaming, will transition to Caesars in the next 30 days and will replace Mark Frissora.

The Board of Caesars revealed that Rodio will join the company’s Board of Directors and be based in Las Vegas. It also unveiled a new Transaction Committee to oversee the company’s evaluation of ongoing efforts in creating additional shareholder value.

The top executive is no stranger to the Las Vegas market: Affinity Gaming has five Nevada casinos. It also features facilities in Colorado, Missouri and Iowa. He also worked with Icahn at Tropicana Entertainment before he sold it to Eldorado Resorts last October for US$1.85 billion.

Anthony Rodio has more than three decades of industry experience. He was based in Atlantic City and served as president and CEO of Tropicana Entertainment. After it closed, he moved to Affinity in Las Vegas.

Rodio’s expertise will help Caesars

“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,” he said.

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 next phase of growth, innovation and value creation.”

Did you like this article?