Caesars Entertainment Introduces New CEO, Reports Quarterly Loss

Despite a modest increase in first-quarter revenue, Caesars Entertainment was unable to post a profit as it prepares to welcome a new chief executive on Monday and continues to explore options for the possible sale of the company.

Under pressure from activist investor Carl Icahn, Caesars last month appointed Anthony Rodio as its new CEO to replace current CEO Mark Frissora.

In brief remarks on Wednesday, Rodio mentioned the board of director’s transaction committee, which was formed to evaluate the potential sale or merger with another gaming company.

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