Updated

Tom Reeg

American

CEO
Caesars Entertainment

Tom Reeg is a casino and resort executive who has served as CEO of Caesars Entertainment (formerly El Dorado Resorts) since 2019. His career in the gaming industry, which has spanned more than 20 years, has been marked by continual growth and the acquisition of valuable properties. 
Education
  • University of Notre Dame

MAJOR ACHIEVEMENTS

Reeg helped Eldorado Resorts acquire the Hollywood Casino Shreveport, which was rebranded as Eldorado Shreveport. He then helped the company navigate its merger with MTR Resorts in 2014, and led the company’s purchase of Circus Circus Reno in 2015 and the acquisition of Isle of Capri Casinos in 2017.  

Reeg was instrumental in Eldorado Resorts acquiring Caesars Entertainment in 2020. Under his guidance, the newly named Caesars Entertainment began its foray into online gaming, launching Caesars Sportsbook in 2021. 

EMPLOYMENT

Reeg began his career in the gaming industry as a senior high-yield research analyst for Bank One Capital Markets, where he covered the casino, lodging and leisure sectors. 

From 2002-2005, Reeg worked at AIG Global Investment Group as Managing Director and portfolio manager. In 2005, Reeg then became a founding partner and director of Newport Global Advisors, which was an indirect stockholder of Eldorado Resorts. He served as Senior Directing Manager of Newport Global Advisors until 2010.

Reeg joined the board of managers for Eldorado Resorts in 2007. In 2011, he became SVP of Strategic Development of Resorts, before moving upwards to become President of Eldorado Resorts in 2014. He was chosen as CEO of Eldorado Resorts in 2019. 

Eldorado Resorts changed its name to Caesars Entertainment after acquiring the brand as part of a reverse merger in 2020.

At $17.3bn, this was the biggest merger in gambling industry history at the time.


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