Carl Icahn Builds Sizable Stake in Casino Group Caesars (3)

Carl Icahn has amassed a sizable position in Caesars Entertainment Inc., people familiar with the matter said, but has no plans to repeat a previous activist campaign at the hotel and casino group.

Icahn, who pressed for the 2020 merger of Caesars and Eldorado Resorts Inc. that created the latest version of the company, is supportive of existing management.

“There’s absolutely no activism contemplated in Caesars,” Icahn said in response to a Bloomberg query. “A number of years ago we were instrumental in putting Caesars and Eldorado together. Our opinion of Tom Reeg as CEO was very high then ...