Courtney Mather resigned from Caesars Entertainment’s board effective 6 July, the company said in a regulatory filing, according to the report. Caesars said the departure did not result from a disagreement with the company; Mather’s exit comes as Carl Icahn is reportedly preparing a possible competing bid for Caesars.
Mather’s departure changes the board’s composition while a possible competing takeover bid is being assembled.
Quarter ended 30 September 2026
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Caesars Entertainment and Fertitta Entertainment each received a second request from the US Federal Trade Commission for information and documents concerning their proposed merger, Caesars said in a filing. The companies have 30 days to respond. Caesars also disclosed that two board members appointed at Carl Icahn’s request had stepped down, and that the Icahn Group waived its right to name replacements.
The Nevada Gaming Commission approved licences, amended registration orders and shelf offerings for separate proposed take-private transactions involving MGM Resorts International and Caesars Entertainment. Caesars is being acquired by Fertitta Entertainment in a $17.6 billion deal, subject to shareholder, competition and gaming-jurisdiction approvals; the commission also approved licences for two Fertitta Entertainment executives. MGM remains in discussions with Barry Diller’s People Inc., with further details expected on its second-quarter earnings call, the company’s legal counsel said.
The Nevada Gaming Control Board recommended gaming licence approval for Fertitta Entertainment executives Richard Liem and Steven Scheinthal, who are due before the Nevada Gaming Commission on 23 July. The recommendation is separate from Fertitta’s proposed acquisition of Caesars; the source says the acquisition agreement included a go-shop period through 11 July.
Citizens analyst Jordan Bender said the US midterm election results could influence gaming companies. In Texas, Vicki Goodwin won the lieutenant governor race and supports a public vote on casinos and sports betting; Nebraska voters rejected two measures that would have legalised online sports betting. Bender said Amy Acton's Ohio victory may ease the path to igaming legalisation, though Republicans hold supermajorities in both legislative chambers.
Caesars reported a $123 million net loss for the third quarter of 2026, compared with $55 million a year earlier. Revenue rose 2.5% to $2.94 billion, while adjusted EBITDA fell 2.1% to $865 million, according to the company’s results as reported.