Caesars Entertainment appoints Icahn designees Lynn and Papapostolou to board, agrees to standstill

Caesars Entertainment, Inc.

Jesse Lynn and Ted Papapostolou appointed to Caesars Board effective March 17, 2025.
Board size increased from 11 to 12 directors to accommodate the appointments.
Icahn Group agreed to standstill and voting commitments through 2026 annual meeting.
If Icahn Group ownership falls below 10.55M shares, one designee resigns; below 5.28M, both resign.
Icahn expressed interest in exploring strategic alternatives for Caesars' digital business.

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