The casino and hospitality company announced on April 16, 2019, that they would have Anthony Rodio take the chair. Mr. Rodio was tasked with the potential sale or merger to tackle the $18 billion debt and continue Caesars’ growth. Anthony Rodio was, however, replaced by Thomas R. Reeg, who was Eldorado Resorts’ Chief Executive Officer and had been instrumental in spearheading the merger of Caesars Entertainment Corporation with Eldorado Resorts in 2020.
Thomas R. Reeg Professional Background
Reeg assumed the role of President at Eldorado Resorts, Inc. in September 2014, during which period he was concurrently appointed to the company’s Board of Directors. Moreover, he has been occupying the position of Chief Financial Officer for the company since March 2016. Reeg’s connection with the company dates back to 2007, when he became a member of the Board of Managers at Eldorado Resorts LLC.
According to Caesars’ website, Reeg played a pivotal role in structuring and financing the company’s ‘growth strategy’. This included key milestones such as the acquisition of Eldorado Shreveport, the merger with MTR Resorts, and other lucrative acquisitions. Notable among these were the 2017 acquisition of Isle of Capri Casinos, Inc., the acquisition of Grand Victoria Casino in Elgin, Illinois, and the acquisition of Tropicana Entertainment in 2018.
Before joining the company, Reeg served as portfolio manager and managing director at AIG Global Investment Group for three years. In this role, he was responsible for co-managing the mutual fund portfolios. Prior to his tenure at AIG, Reeg held the position of senior research analyst, incorporating various sectors, including the casino, leisure sector, and lodging sector, at Bank One Capital Markets. He earned a Bachelor of Business Administration in Finance from the University of Notre Dame.
