Carl Icahn Builds Sizable Stake in Caesars Entertainment, Shares Rise 10%

May 31, 2024, 03:07 PM

Carl Icahn has reportedly built a sizable stake in Caesars Entertainment, according to multiple sources. The news has led to a significant increase in Caesars Entertainment's share price, which is trading higher following the report. Icahn, known for his activist investing strategies, has previously targeted other companies in the industry, including Penn National Gaming, which saw a 15% increase in its stock price. Caesars Entertainment's stock has risen by 10% in response to the news.