Caesars Entertainment’s Post-Merger Executive Shuffle is Eye-Opening

By Scott Roeben, on July 22 2020

2 min read 33 comments

Las Vegas

We got our hands on another internal Caesars Entertainment document and the information is revealing.

The document is a message from Anthony Carano, President and Chief Operating Officer of the new Caesars Entertainment. Caesars Entertainment just merged with Eldorado Resorts, and the company has wasted no time in shaking up its management ranks.

The document shows the company’s new Senior V.P. and General Manager organizational structure, and it contains some sweeping changes. Effective immediately.

Here’s page two of this illuminating document.

Caesars reorg — We were kidding. Quizzes are so 2004.

The first observation is: Holy crap, the new Caesars Entertainment has some serious work to do on gender diversity.

Our quick tally shows 35 top executives who are male and just five who are female.

That’s a massive gap, especially because the old Caesars Entertainment has constantly touted its track record for diversity and inclusion.

Vital Vegas: Photoshopping what everyone else is thinking since 2013.

Another item of note: Note the grouping of Planet Hollywood with Rio Las Vegas. The Rio was recently sold and will be managed by Caesars Entertainment, and this move indicates that could also be the plan for Planet Hollywood.

There’s been a lot of chatter about the potential sale of Planet Hollywood, but tribal in nature (the Seminoles have kicked the tires, reportedly), but also involving a company that would be new to Las Vegas, Twin River Worldwide Holdings.

Lastly, these executives can consider themselves lucky, as there are several waves of layoffs in the works, and that was the plan prior to COVID-19. The layoffs have been called “synergies” by the top exec at Eldorado Resorts, and the goal is to save $500 million in these merger efficiencies.

This list confirms Caesars Entertainment has a deep pool of experienced gaming executives with massive institutional knowledge.

The combined talents of Eldorado and Caesars will give the new company its best chance of success during a challenging and unprecedented time.

Next up

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July 22 2020 — 2 min read — 4 comments

33 Comments

Jason Ghiselin July 25, 2020

With all this talk about diversity it warms my heart that a man named Lumpy can still hold a SVP roll in one of the world's largest gaming companies!
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Scott Roeben July 25, 2020

Same! Too funny.
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Mark Estes July 25, 2020

Several years ago, I personally knew of two young women at their Reno properties, who were in lower management, working their way up. One quit after 6 years; the other after 8 years. After all the training investment the company spent on them, both quit to stay home and raise of their children. Two sides to every casino chip.
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BST July 25, 2020

So true !
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Mike Alexakis July 25, 2020

How long do you figure people average at a job? Six and eight years is a long time, your implication that women will up and leave on poor picked on corporations is just silly, all employers bake turnover into every job they offer. Very few women leave the workforce to raise children, their home situations have to be near perfect to be able to achieve that, most women take some time off for childbirth and go back to work because they have to. Corporations spit out workers of both sexes whenever they feel like it, I root for the human beings and their happiness every time, this notion that people owe a debt for their "training" to a freaking corporation is laughable...
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Mark July 25, 2020

"...every time", huh? I root for "freaking corporations", too. It's a balance. I suspect you are not in the hospitality business. I had a female casino host for more than 20 years. We had many insightful conversations about exactly this.
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Mike Alexakis July 25, 2020

Yes, every time... Corporations are soulless. Human beings have instincts and emotions. Women very often have to choose between having a child or climbing the corporate ladder, if a woman has to take months off to have a child, her assignments and responsibilities get spread out to others, her opportunity for advancement is curtailed or modified. All living things have instincts to reproduce, women have to make choices men do not, The hospitality business as far as I know from the outside is no different, women are at a disadvantage. Women also get paid less for the same work unfortunately, we as a society need to fix that... Good luck to you, I hope your casino hosts do right by you...
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Mark July 25, 2020

...nope. Not going there.
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Forcing DEI is stupid September 28, 2023

"That’s a massive gap, especially because the old Caesars Entertainment has constantly touted its track record for diversity and inclusion." Caesars was also being run into the ground, so...
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Vegas Gal July 24, 2020

Bigger is supposed to be better....volume discounts mean lower prices for the consumer, etc., but it sure doesn't seem that way in the casino industry. As somebody with no understanding of big business, it seems like Boyd has done better than Caesars and MGM in recent years, and Boyd is far from infallible. For me, Vegas still offers great value for the vacation dollar, but Caesars has been less interested in offering that value over the years. When they take over the Boyd properties, I'm in trouble. Otherwise, go ahead, merge with everyone else in the world. I'm not a casino gal, I'm a Vegas gal.
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John Mc Laughlin July 23, 2020

Atlantic City guess who is the largest stock holder of this new combine CAESARS ENTERTAINMENT ? Big trouble on the horizon for both Atlantic City in general & ESPECIALLY the members of UNITEHERE Local 54. Remember what happened in 2014 @ Trump Plaza, & then again in 2016 @ Trump Taj Mahal ? Who made those decisions ? clue initials are C I
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Mark July 23, 2020

Didn't see their Reno properties listed.
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Jason Ghiselin July 25, 2020

The Reno properties* are collectively called The ROW and it seems one Stew Massie runs them all...along with overseeing Lake Tahoe and a couple other odd ball properties. *Harrah's not included. It had been sold and was already scheduled to close pre-COVID. From their website: "HARRAH’S RENO PERMANENTLY CEASED GAMING OPERATION ON MARCH 17, 2020." You can cash in chips at The ROW through October 27. I am hoping for a liquidation auction...I can drive there in 2+/- hours and would love to roam the non-public parts of that property, which you often can at auctions.
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Dominick Scavone July 23, 2020

My wife and I are working at Caesars Indiana now for 20 years each. And I have to say the new Caesars logo looks so stupid like a drunk 4 year old drew it.
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Mike Alexakis July 23, 2020

Selling Planet Hollywood to a suitor who will hire Caesars to manage it might prove to be difficult in a pandemic, its certainly not fee simple ownership when you sign away the rights to make day to day operational decisions... Who the heck wants their management entities to be saddled with epic debt, is the utility of owning a strip resort casino with name and brand value worth essentially partnering with Caesars? If I wanted an in, I would build a new one rather than try to partner with an existing company...
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disbelief July 23, 2020

35 to 2 ??? That's some real leadershit. Screw them.
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greg July 23, 2020

the fact you bring up gender as an issue at this point is silly. get real, they are restructuring with what they have... judge them on how the operate going forward.
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Ninja55 July 24, 2020

Eldorado had very few women in their previous line up. They only kept a couple of Caesars people in this merger for their SVP/VP positions. They could of kept plenty of the women that Caesars had on board. Six women out of 42 positions? You really think this is going to change? Most people I know are betting they'll be in bankruptcy within a couple of years anyway. The debit is too heavy to manage and the virus has killed convention business for a long time to come.
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John July 22, 2020

"The first observation is: Holy crap, the new Caesars Entertainment has some serious work to do on gender diversity." Let's see, we need a black guy, Asian guy, millennial, lesbian woman, non-lesbian woman, Indian... Yeah, see that's what happened back in the 90's. Corporations started hiring token race/gender individuals and ignoring others who might be better qualified for certain positions. Which was Ok of you were talking about people whose roles within the company weren't so critical. Now, it's basically become a crime to hire a Caucasian if ANYONE else applies, regardless of their experience or education. That's why companies are failing to make any sense, struggling to justify their existence and why America doesn't produce anything of value anymore. We're so busy trying to satisfy the whims of minorities, making garbage that nobody needs or wants and then sending it to China to have it built. Because God forbid that a man of color got a job in a factory that offered things like healthcare and retirement and even money for an education. Or a Caucasian man of any worth was allowed to speak at a board meeting and tell his transgender-millenial-afro-asian coworker that he disagreed with their idea for a "new" product that's similar or no better than a thousand other products just like it already crowding store shelves. The reason Ceasars elected the individuals they did has more to do with who, from each company, is better qualified to fill those roles. No doubt, some of it was favoritism and office politics. That's a problem in every company. In any case, I guaran-damn-tee that, if some black female millenial executive had proven that she could quadruple the profits of the newly merged companies within a year, it would've been a unanimous decision to promote her. Because money talks and your now primitive ideologies walk.
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JP July 23, 2020

"Primitive Ideologies", the 50's called and said they want you to come back since your way of thinking still is valid back then. Diversity leads to diverse ways of thinking, Caesars is historically a follower because they have no outside-the-box thinking. I'm sure an all white male staff is a great answer to that problem lol.
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Mike Alexakis July 23, 2020

So "since the 90's" corporations have all failed because they hired women and minorities? I think corporations are and have been killing it for decades, if you invested five ham sandwiches in the "90's" in the stock market, you would have the cash to buy Jim Murren's mansion and remodel it. With 12% unemployment right now the stock market is going up like crazy, yet you want to claim we are in ruins because some women and minorities hold a tiny amount of high management positions... And you state Caesars, a company with 19 billion dollars in debt, kept on the people "better qualified to fill those roles"... Those males you tout are going to chop, slice, and dice Caesars, already they are screwing over workers seniority, making employee's re-apply to work for third parties in the sports books, you probably will blame women and minorities for that...
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BenF July 23, 2020

John seems a little hysterical and over the top...maybe someone’s unhappy with the way his career turned out??
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Mark July 23, 2020

Nicely done.
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Mark July 23, 2020

And I meant John, not Ben.
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Paul Christie July 22, 2020

Gotta be false documents, they sold Eldorado in Shreveport LA
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Ben Wha July 22, 2020

That CEO looks like an asshat. -Plus, I agree with Scott above.
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Michael Grabois July 22, 2020

Regarding the Vegas properties under Selesner, which of the SVPs are from Eldorado and which are left over from Caesar's? Overall, did the Caesar's people get retained or pushed aside?
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George Karl July 23, 2020

Absolutely no communication on reopening of the Cromwell. Execs promise "communication" during their video messages, but sidestep the Cromwell every time. No reopen date. I feel bad for the hardworking employees of the Cromwell who have no idea what/when is happening to them. Pisses me off.
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Linda July 22, 2020

Aaaggghh. I can’t keep up with all of this ??. I live in Windsor ON and our Caesar’s has been shut down since March 13. And currently there is no reopening plans. I’m an MGM player and still waiting for my Mirage to reopen. Although I don’t know why it matters as I can’t cross the border to get to the airport ??? I’m in a Vegas drought. ??
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Luci Jones July 23, 2020

I am betting MGM will sell Mirage.
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Scott Roeben July 23, 2020

That is a solid bet.
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Mike Alexakis July 23, 2020

It seems like a terrible time to try and sell the Mirage, and I imagine MGM wants to sell it and remain in charge of management... Same with Planet Hollywood, who wants to buy something when its questionable when it could even begin to show a profit. If the vaccines prove to be slow, costly, and side effects prone, Las Vegas will suffer greatly. Not to even mention the disgusting anti-vaccine crowd that will certainly be yelling and screaming...
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RICH July 23, 2020

Caesars should sell something in Indiana,besides Horseshoe Hammond, no New Ccasinos in Chicago will hurt Horseshoe Hammond because of there locations,and the crime in Chicago
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