Carano called the financier “integral” to the merger.Įldorado founder Don Carano and his family developed a winemaking and casino empire that grew into 26 gambling properties and more than 18,000 employees in 12 states before the buyout.
Icahn acquired a large block of Caesars shares after that company emerged from bankruptcy protection in late 2017. It will be one of the largest employers in Nevada.īillionaire investor Carl Icahn will be the largest single shareholder, with more than 10% of the combined company and three members on the new company board, Carano said. In Las Vegas, the combined company now owns Caesars Palace, Paris Las Vegas, Planet Hollywood, Harrah’s Las Vegas, the Flamingo, Linq Hotel, Cromwell, Bally’s, and the Rio off the Strip.
