Caesars Entertainment Corp. is preparing to name Anthony Rodio as its next chief executive and say it will evaluate takeover interest in the casino operator, people familiar with the matter said.
Rodio, who currently serves as CEO of privately held Affinity Gaming, will replace departing Caesars CEO Mark Frissora and take his seat on the board, Caesars is expected to announce Monday.
Caesars CZR, +0.74% also is expected to announce that it has formed a board committee to work with bankers at PJT Partners Inc. to evaluate takeover interest it has received, some of the people said.
The casino operator has fielded overtures from multiple parties including Eldorado Resorts Inc. ERI, +1.33% and Golden Nugget LLC and already has given those two bidders access to its financial records to conduct due diligence, some of the people said. The moves represent a nod to activist investor Carl Icahn, who controls roughly 18% of Caesars stock, according to filings, and has been pushing the company to consider Rodio as its next chief and to sell itself.
An expanded version of this report appears on WSJ.com.
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