• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Anthony Rodio confirmed as Caesars Ent CEO

Apr 17, 2019 Newsdesk Latest News, Top of the deck, World  


Anthony Rodio confirmed as Caesars Ent CEO

Caesars Entertainment Corp, a United States-based casino operator, has confirmed the appointment of Anthony Rodio (pictured) as chief executive, in succession to Mark Frissora.

Mr Rodio – who had been CEO of boutique U.S. casino operator Affinity Gaming since October last year – will be moving over to his new post “during the next 30 days,” said Caesars Entertainment in a Tuesday press release.

“Tony is a respected and highly-accomplished executive who has successfully built and grown businesses in our industry throughout his career,” said James Hunt, Caesars Entertainment’s chairman, in prepared comments contained in the press release.

“We are confident that Tony has the vision and depth of operating experience to lead our talented senior management team,” added Mr Hunt.

Prior to working at Affinity Gaming, Mr Rodio served as president, CEO and a board member of U.S. casino operator Tropicana Entertainment Inc.

On Tuesday Caesars Entertainment also announced the creation of what it termed a “transaction committee” to “oversee the company’s evaluation of ongoing efforts in creating additional shareholder value”. The newly-created committee is composed of four independent company directors, including two recently appointed by activist investor Carl Icahn.

The Caesars brand is involved in a foreigner-only casino project in Seoul, South Korea, and the group is pitching for a Japan casino licence.

But following an extended period of corporate turmoil – including exit from bankruptcy in October 2017 – Caesars Entertainment has been the subject of rumours regarding possible merger and acquisition (M&A) activity. That follows recent moves by Mr Icahn to increase his holding in the firm.

Japanese brokerage Nomura said in a Monday note prior to the confirmation of Mr Rodio’s new role: “We view his appointment as a short-term solution that does not signal whether an M&A transaction will occur or not.”

The institution added: “Mr Rodio spent the majority of his career in both finance and casino operations, mostly Atlantic City. He has a solid reputation as a property manager and ran an efficient operation at both Harrah’s casinos and the Tropicana.”

But analysts Harry Curtis, Daniel Adam and Brian Dobson added: “Mr Rodio has less experience than necessary running upscale casinos – catering to high-end customers is key in Las Vegas.”

Mr Rodio’s predecessor as Caesars Entertainment CEO was Mark Frissora, who worked previously as CEO of the Hertz Corp, a conglomerate with a focus on car rentals.

Nomura stated regarding the incoming Caesars Entertainment CEO: “Mr Rodio’s appointment signals that Carl Icahn’s near-term priority is to find an M&A solution for Caesars Entertainment, which includes exploring all possible options including a single sale, or breaking Caesars Entertainment into pieces.”


  • tweet
Related articles
  • GEN Malaysia further inputs to Empire possible: Nomura
    GEN Malaysia further inputs to Empire...

    Mar 22, 2021  

  • GEN Malaysia fresh US$20mln cash input to Empire Resorts
    GEN Malaysia fresh US$20mln cash input...

    Mar 21, 2021  

More news
  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

  • NUSTAR complex in Cebu slated to open 2022: UHRI
    NUSTAR complex in Cebu slated to open...

    Apr 16, 2021  


Latest News

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Read More
NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Labour Day hols hotels to be 40-50pct full: Macau govt

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021  

Macau may tie GBA backing to gaming tender: law experts

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.15 billion

Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • Sands China says no links to online gaming siteSands China says no links to online gaming site April 15, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us