The development comes at a time when Caesars Entertainment has come under increasing pressure from activist investor Carl Icahn.

On Tuesday, U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself, stated it has appointed Anthony Rodio as its chief executive officer (CEO).

As of March 28, 2019, Icahn, who has gradually built a stake in Caesars this year, held a stake of nearly 15% in the company.

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Tags: activist investor, Anthony Rodio, Caesars Entertainment Corp, Carl Icahn, casino operator, CEO, Chief Executive Officer, HR, HRM, improve earnings, pressure, shareholders, stake