Mark P. Frissora is the chief executive officer and President of Caesars Entertainment. Frissora has 38 years of business experience that spans all levels of management and functional roles. Frissora joined Caesars in 2015 and served between 2000-2014 as Chairman and CEO of two Fortune 500 companies.Prior to his July 2015 appointment as Caesars’ CEO, he started his career working in various management positions for General Electric, Philips Lighting Company, and Aeroquip-Vickers. He served as the CEO of Tenneco from 2000 until 2006, and from 1999 to 2006, Tenneco’s revenue rose 39 percent to $4.4 billion. Frissora subsequently served as CEO of The Hertz Corporation from 2006 until September 2014, also serving as the company’s chairman from January 1, 2007 until he stepped down in September 2014. While with Hertz, Frissora was named one of Business Travel News’ Most Influential Business Travel Executives of 2012. Additionally, he has been a member of The Business Roundtable, McKinsey’s CEO Advisory Council, and the G100. He has also been actively involved in philanthropic activities and in 2012 he was awarded the Oliver R. Grace Award for Distinguished Service in Advancing Cancer Research.Mr. Frissora holds a B.A. degree from The Ohio State University and has completed executive development programs at Babson College and the Thunderbird International School of Management. He is a Director of Delphi Automotive plc and is also a member of the American Gaming Association. He previously served as a Director of Walgreens Boots Alliance.
Caesars Entertainment Corporation has announced its commitment to achieve gender equality among its leadership ranks by 2025. In support of this effort, Caesars said it will work with the Billie Jean King Leadership Initiative (BJKLI) as part of this enhanced commitment to ensure workplace fairness and continue to foster an environment that promotes diversity and […]
US casino operator Caesars Entertainment says it has seen a slight downturn in visitation from Asian guests following the October 1 shooting in Las Vegas. Caesars President and CEO Mark Frissora told a group of investors in New York on Tuesday that it could take up to three or four months before some players may […]
Caesars Entertainment Corporation saw net loss narrow to US$1.4 billion in the second quarter of 2017, reflecting lower adjustments related to the restructuring of Caesars Entertainment Operating Company, Inc. (CEOC). Net revenues for the casino company increased 1 percent year-on-year to $1 billion, mainly due to higher volumes across properties, strong hotel performance in Las […]
US-casino operator Caesars Entertainment Corporation has announced the hiring of two senior executives to help lead the firm’s international expansion strategy. The hires include Marco Roca, a veteran of Starwood Hotels, Realogy Holdings and Wyndham Worldwide Corp, who will join Caesars as president of global development, according to a company statement on Thursday. Caesars Entertainment […]
The Japan Gaming Congress (JgC), held from May 10-11 at the Grand Hyatt Hotel in Tokyo, is close to capacity with over 420 delegates now registered for the event, says organizers. This year, thought leaders featured include Mark Frissora, CEO of Caesars Entertainment; John Raczka, former vice president entertainment development & operations,of Melco Crown Entertainment; […]
Las Vegas casino operator Caesars Entertainment Corp. reported a widened net loss of $524 million in the first quarter of 2017. In a press release from the operator on Tuesday, the net loss was widened from $274 million in 16Q1, mainly due to a $466 million accrual related to the restructuring of Caesars Entertainment Operating […]
Caesars Entertainment Corporation today announced the pricing of US$1.4 billion of senior secured credit facilities for Caesars Entertainment Operating Company, consisting of a $1.2 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility. Mark Frissora, president and chief executive officer of Caesars Entertainment said the “pricing of […]
Caesars Entertainment Corporation (CZR) posted a net loss of US$435 million in the fourth quarter of 2016, due mainly to accruals related to the restructuring of its subsidiary. The Las Vegas-based company noted net revenues for its continued operations, or Continuing CEC, increased 3 percent year-on-year to $949 million in 16Q4, while adjusted EBITDA for […]
The main operating unit of Caesars Entertainment Corp. has won court approval on Tuesday for a plan to shed its $10 billion of debt and end its $18 billion bankruptcy, according to a press release from the company on Wednesday. The approval comes two years after Caesars Entertainment Operating Company (CEOC) filed for Chapter 11 bankruptcy […]
Caesars Entertainment says net revenues increased 14.7 percent to US$4.5 billion driven by increased performance of their hospitality offerings as well as Caesar Interactive’s social and mobile games business. “Caesars achieved solid operating momentum throughout 2015. Including CEOC’s results, the enterprise experienced its best full-year of operating results since 2007,” said Mark Frissora, president and […]
The global gaming industry has just wrapped up its annual shindig in Las Vegas, with participants hearing a fairly upbeat view for the industry in the United States, even though the current drop in Asia demand is weighing on overall strip revenue. American Gaming Association president Geoff Freeman kicked off the show with a speech […]
Casino gaming industry experts will assemble for a roundtable at the Global Gaming Expo, presented by the American Gaming Association, in Las Vegas on September 28 to October 1. In one of his first public forums as Caesars Entertainment president and CEO, Mark Frissora will be joined by Scientific Games CEO Gavin Isaacs and Rush […]
Caesars Entertainment Corp announced that Mark Frissora has taken the role of president and CEO, effective July 1. Frissora, who also joined the board in February, now becomes president and CEO of Caesars Enterprise Services and joins the CES Steering Committee. Gary Loveman, former President and CEO of Caesars Entertainment, will continue to serve as […]
As Caesars Entertainment president and CEO Mark Frissora tours Japan this week, company executives are meeting with local officials and the media, as well as announcing a whole host of new developments that clearly puts Caesars among the front rank of international IR operators seeking a license in Japan. On Monday, Frissora was in Osaka […]
At the end of February as President and CEO Mark Frissora toured Japan, Caesars Entertainment announced that they would immediately be donating 25 million yen (about US$240,000) to responsible gaming initiatives in Japan. Asia Gaming Brief reached out to Caesars to gain details about how precisely they planned to allocate these funds. Broadly, the donation […]
U.S.-based casino operator, Caesars Entertainment Corp produced a narrowed net loss of $375 million in 2017, due mainly to a $2 billion tax benefit offset by $2.3 billion on restructuring expenses and debt extinguishment. Net revenues reached $4.85 billion in 2017, an increase of 25.1 percent year-on-year. A majority of this was due to an […]
Las Vegas-based Caesars Entertainment Corp saw first quarter net revenue more than double in 18Q1 compared to the prior year, reaching $1.97 billion.
Caesars Entertainment CEO Mark Frissora says the company is in the best position to take advantage of the recent legalization of sports wagering in the U.S. “We’re excited because we’re in the best position to take advantage of it. We’ve been very focused on digital and mobile and this plays right into it,” said Frissora […]
Caesars Entertainment Corporation has announced plans to license its Caesars Palace, Flamingo, The Cromwell and The LINQ brand in overseas destinations. The move will allow Caesars and select strategic partners to expand the reach of these brands into gateway cities around the world, said the company in a press release. “Caesars Entertainment (CZR) brings instant […]
Caesars Entertainment swung to a profit in Q2 as revenue doubled due to the inclusion of income from Caesars Entertainment Operating Company, which emerged from bankruptcy late last year.
Caesars Entertainment Corp said its board of directors have increased its share repurchase authorization to $750 million common shares, a $250 million increase from the initial plan announced in May.
Several international IR operators have been meeting with members of the Tomakomai Chamber of Commerce & Industry to discuss their bids to partner with this northern Japanese city. At an event attended by about 110 people held Wednesday, Caesars Entertainment and the Clairvest Group made their pitches to the local business community. The Caesars presentation […]
Casino operator Caesars Entertainment is reportedly preparing to name a new CEO, Anthony Rodio, to replace Mark Frissora, according to a report from the Wall Street Journal. The news, which is expected on Monday U.S. time, will see Frissora booted from the current CEO helm at Caesars. Rodio is the CEO of Affinity Gaming, and […]