GLOBAL GAMING BUSINESS PODCAST: Gary Carano, Executive Chairman, Caesars Entertainment

This week, the GGB Podcast sits down with Gary Carano, the executive chairman of Caesars Entertainment, to talk about the recently completed purchase of the company by his former company, Eldorado Resorts.

GLOBAL GAMING BUSINESS PODCAST: Gary Carano, Executive Chairman, Caesars Entertainment

It was the biggest, and maybe most improbable, deal in the history of the gaming industry. When Eldorado Resorts announced its intention to purchase Caesars Entertainment, it was like a minnow swallowing a whale. Probably the most recognizable brand in the gaming industry, Caesars was worth multiples more than any company Eldorado had previously bought, but company executives, including Chairman Gary Carano, were confident that the deal could be accomplished for the benefit of shareholders on each side. Carano explains Eldorado’s path to acquiring the gaming giant and how they plan to turn around a company that had become bloated and complacent over the last 10 years. He talks about the future of Caesars, as well as recognizing the past and the debt owed to the Reno founders of each company. He spoke with GGB Publisher Roger Gros at the company’s offices in Reno in August for the cover story of the October issue of the magazine.

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Articles by Author: Roger Gros

Roger Gros is publisher of Global Gaming Business, the industry’s leading gaming trade publication, and all its related publications. Prior to joining Global Gaming Business, Gros was president of Inlet Communications, an independent consulting firm. He was vice president of Casino Journal Publishing Group from 1984-2000, and held virtually every editorial title during his tenure. Gros was editor of Casino Journal, the National Gaming Summary and the Atlantic City Insider, and was the founding editor of Casino Player magazine. He was a co-founder of the American Gaming Summit and the Southern Gaming Summit conferences and trade shows.
Roger Gros is the author of the best-selling book, How to Win at Casino Gambling (Carlton Books, 1995), now in its fourth edition. Gros was named “Businessman of the Year” for 1998 by the Greater Atlantic City Chamber of Commerce and received the Lifetime Achievement Award from the American Gaming Association in 2012 as part of the annual AGA Communications Awards.