Thomas R. Reeg is Chief Executive Officer of Caesars Entertainment. He previously served as Chief Executive Officer of Eldorado Resorts, Inc. since January 2019 and was instrumental in spearheading the acquisition of Caesars Entertainment Corporation in 2020.
Mr. Reeg served as President of Eldorado Resorts, Inc. since September 2014, at which time he was also appointed to the Company’s Board of Directors. He also served as the Company’s Chief Financial Officer since March 2016. Mr. Reeg’s involvement with the Company dates back to 2007 when he joined the Board of Managers of Eldorado Resorts LLC. Recognized and respected as a leading industry strategist, Mr. Reeg was instrumental in negotiating, structuring and financing the Company’s growth strategy, including its acquisition of Eldorado Shreveport in 2005, its merger with MTR Resorts in 2014, and its subsequent accretive acquisitions, including 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.
He was also instrumental in forging strategic agreements with The Cordish Companies to develop a new world-class, mixed-use entertainment and hospitality destination in Pompano, Florida, and William Hill PLC whereby William Hill US serves as Eldorado’s exclusive sports betting operator for a period of 25 years.
Prior to joining the company, Mr. Reeg was a Managing Director and portfolio manager at AIG Global Investment Group (“AIG”), from 2002-2005 where he was responsible for co-management of the high-yield mutual fund portfolios. Prior to his role at AIG, Mr. Reeg was a senior high-yield research analyst covering various sectors, including the casino, lodging and leisure sectors, at Bank One Capital Markets. Mr. Reeg holds a Bachelor of Business Administration in Finance from the University of Notre Dame.
What is Thomas Reeg's net worth?
The estimated net worth of Thomas Reeg is at least $684,600.00 as of June 14th, 2023. Mr. Reeg owns 17,500 shares of Caesars Entertainment stock worth more than $684,600 as of April 23rd. This net worth estimate does not reflect any other investments that Mr. Reeg may own. Additionally, Mr. Reeg receives a salary of $6,730,000.00 as CEO at Caesars Entertainment. Learn More about Thomas Reeg's net worth.
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Has Thomas Reeg been buying or selling shares of Caesars Entertainment?
Thomas Reeg has not been actively trading shares of Caesars Entertainment during the last ninety days. Most recently, on Wednesday, June 14th, Thomas Reeg bought 7,500 shares of Caesars Entertainment stock. The stock was acquired at an average cost of $49.43 per share, with a total value of $370,725.00. Following the completion of the transaction, the chief executive officer now directly owns 17,500 shares of the company's stock, valued at $865,025. Learn More on Thomas Reeg's trading history.
Who are Caesars Entertainment's active insiders?
Caesars Entertainment's insider roster includes Bonnie Biumi (Director), Anthony Carano (COO), Frank Fahrenkopf, Jr. (Director), Don Kornstein (Director), Stephanie Lepori (CAO), Courtney Mather (Director), Sandra Morgan (Director), Michael Pegram (Director), Edmund Quatmann, Jr. (Insider), and Thomas Reeg (CEO). Learn More on Caesars Entertainment's active insiders.
Are insiders buying or selling shares of Caesars Entertainment?
In the last twelve months, Caesars Entertainment insiders bought shares 4 times. They purchased a total of 62,500 shares worth more than $2,746,475.00. In the last twelve months, insiders at the sold shares 1 times. They sold a total of 33,282 shares worth more than $1,720,679.40. The most recent insider tranaction occured on March, 6th when Director Michael E Pegram bought 15,000 shares worth more than $621,750.00. Insiders at Caesars Entertainment own 0.6% of the company.
Learn More about insider trades at Caesars Entertainment. Information on this page was last updated on 3/6/2024.
