Gary Carano

Executive Chairman of the Board, Caesars Entertainment

Search every verified Gary Carano interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gary Carano, Executive Chairman of the Board at Caesars Entertainment, was involved in the company's merger with Eldorado Resorts, which was approved by shareholders in November 2019. During an interview, Carano's colleague Tom Reeg discussed the merger, noting that Eldorado had approached Caesars the previous summer but was initially rebuffed. Reeg stated that Carl Icahn, who had become a Caesars shareholder, later reached out to Eldorado to reconfirm their interest, leading to the deal. Reeg expressed confidence in achieving $500 million in synergies from the merger and highlighted the strength of the Caesars brand and its loyalty program as key assets. He also noted that the combined company would have around 60 casinos across the U.S. and aimed to reduce leverage to below three times debt-to-EBITDA within a few years.