Tony Rodio named Caesars Entertainment CEO

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Gaming and hospitality giant Caesars Entertainment has named Tony Rodio its new CEO, confirming what many expected to happen based on a weekend report in the Wall Street Journal.

Tony Rodio
Tony Rodio

Rodio is currently the CEO of Affinity Gaming, a regional operator of nearly a dozen casinos across the western and midwestern United States. He will take the Caesars' reins sometime over the next 30 days. Outgoing CEO Mark Frissora announced last November he was stepping down, and he was due to depart officially by the end of this month.

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

Rodio's appointment was pushed for by gaming magnate and Caesars shareholder Carl Icahn, who has been publicly pressuring Caesars to sell the company to increase shareholder value. The Caesars board simultaneously announced the creation of a transaction committee to explore the best options for the company moving forward. Reported potential suitors to acquire Caesars include Tilman Fertitta, owner of Golden Nugget Casinos, and Eldorado Resorts, which owns and operates nearly 30 casinos across the United States.

Rodio has worked in the gaming industry for nearly four decades. Before his run at Affinity, he was president and CEO of Tropicana Entertainment, which was owned by Icahn. Earlier, he worked in various roles for both Hollywood Casino and Harrah's Entertainment. (Harrah's purchased Caesars in 2005, and the company took the Caesars name five years later.)

"I have long admired Caesars and am optimistic about the company's future prospects," said Rodio. "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."
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Source: Northstar Meetings Group

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