Investor Carl Icahn Now Largest Shareholder in Caesars

This story was published more than 5 years ago.

Billionaire investor Carl Icahn has picked up a 15.53% share in Caesars Resorts, making him the largest stakeholder in the global betting firm.

Icahn is the largest shareholder and is looking to put the company up for sale, maximizing his investment in the resort group, which is based out of Nevada. The announcement comes after Icahn purchased an additional 10% stake in the firm, and was revealed in an SEC filing. Now that Icahn has more than a 10% share in the company, Icahn is required to obtain a Nevada gaming license.

Icahn has thought that selling Caesars is in its best interest, and he upped his shares in the group to help make that happen. His position will now allow him to negotiate any potential deals moving forward.

We'll follow any developments on a potential sale and update readers as we learn more.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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12 March 2019 - 6:22pm

So in fact he acquired some more shares just because of the sell and gaining more profits because of it I might be a cliche but you never have to doubt a businessman when it's up to money...more so a billionaire one like in this case.