Carl Icahn brings two directors to Caesars’ board. What could be next as the activist aims to build value

Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy.

Icahn has invested across all sectors over his more than six-decade long career, and he has a tremendous history of creating value at casinos.

Since the merger, Caesars has been attempting to strengthen its balance sheet, pursuing strategic divestments and acquisitions.

Carl Icahn is one of the most creative investors ever and his nominees will likely work to figure out what the best structure is for shareholders.

This separation would allow investors the option to invest in a consistent legacy casino business or a riskier high-growth digital business.

Icahn has had a tremendous history of creating value at casinos.

This industry is at an inflection point with the onset of interactive gaming.