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First, the internal inequity. An April 1 filing from Las Vegas Sands shows that the median pay of employees was $42,228 last year, while CEO Sheldon Adelson made 584 times that, with an annual total compensation of $24.7 . Thorough reviews have been conducted to assure this data accurately reflects disclosures. | 24 commenti su LinkedIn Mr. Reeg served as President of Eldorado Resorts, Inc. since September 2014, at which . Had it not been the times we are in now, I am not sure anyone would think this is out of line, she said. Last year, Las Vegas casino CEOs made between 63 and 584 times what the median employee earned. In case you missed it, Ohio Gov. At Caesars Entertainment, Inc., our Team Members help to Create the Extraordinary for guests at our over 50+ locations nationwide. She added that a lot of unknown variables could have played into the adjustments. . Se continui a visualizzare Total Cash Compensation information is comprised of yearly Base Pay and . Meanwhile, the median salary of the companys nearly 76,000 employees as of Oct. 1, 2017 was $38,954, amounting to a pay ratio of 337-to-1. The average salary for Caesars Entertainment employees is $56,151 per year. By contrast, an ordinary worker employed full-time in . Recruiter- Full Time (Harrah's Atlantic City/CES) Atlantic City, NJ, United States Posted on 02/14/2023. In 2019, Red Rock Resorts Chairman and CEO Frank Fertitta IIIs total annual compensation was nearly $2 million, while the median pay for its employees was $31,003, a 63-to-1 ratio, according to a filing from April 22. This is not the only CEO who saw a pay rise at the same time as a stock drop, according to the Conference Board's CEO pay survey, and I have written about several others at MBIA, Discovery Communications, and Liberty Media. Pay Rank By Title In Hospitality & Leisure industry. Thomas R. Reeg is Chief Executive Officer of Caesars Entertainment. Caesars Entertainment, Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Made Emperors Club! He also earned almost 6 times his gambling CEO peers. Caesars Entertainment CEO Tom Reeg will take home a base salary of $2m in 2022 after the US operator renegotiated the contracts of its senior leadership team. Baskow/Las Vegas Review-Journal), A nice sign: Big Rockies snowpack may boost Lake Mead, Vince Neils former Home Sweet Home in Las Vegas for sale, School Board approves rezoning for 12 campuses, $131K slots jackpot hits at Las Vegas Strip casino, 5 new and upcoming Las Vegas Valley restaurants, Caesars new platform lets guests book hotel and flight, Casino landlords revenue jumps more than $1B after big Las Vegas buyouts, New York to make a splash by hosting 3 new casino projects, Rio landlord plans multi-phase renovation, open to MLB ballpark, Not every casino boss in Las Vegas wants to sell, lease back resort, Pair of 6-figure jackpots hit at Las Vegas Strip casinos. Caesars Entertainment CEO Thomas Reeg and Wynn Las Vegas CEO Matt Maddox also appeared 54th and 91st, respectively. I have no business relationship with any company whose stock is mentioned in this article. Occupancy at Caesars Entertainment Inc. properties in Las Vegas is bouncing back in a big way, the company's CEO announced on an earnings call this week. They purchased a total of 70,500 shares worth more than $3,943,440.00. Follow @bailey_schulz on Twitter. A first look with CPO Todd Haushalter: Evolution unveils brand new games at ICE London, Las Vegas Sands pledges $5bn towards transformational New York casino if bid proves successful, Betr ruffles feathers of established Australian operators with punchy promotions, AGA pens letter opposing some of the nations strictest sports betting ad limit proposals, Belgium moves to ban gambling advertising from 1 July 2023. In addition to base salary, Caesars adjusted other compensations for a handful of its leadership team. Your input helps Glassdoor refine our pay estimates over time. Learn More on Thomas Reeg's trading history. Eighth, and finally, it is difficult to understand why the company signed a new employment agreement with Loveman in 2014 when it knew that he would be transitioning out of the position of CEO in the second quarter of the following year. Recent filings with the Securities and Exchange Commission show where the pay gap stands between chief executives and their workers. . Chairman Gary Caranos base salary went from $1.1 million in 2019 to $1.4 million. Caesars Entertainment CEO Tom Reeg told CNBC on Thursday the return of business conventions to Las Vegas looks promising after a coronavirus pandemic-induced slowdown. I am not receiving compensation for it (other than from Seeking Alpha). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Casino.org is the worlds leading independent online gaming authority, providing trusted online casino 180 Ratings. Black Hawk, CO, United States Posted on 02/10/2023. Someone will be getting a better wedding gift after a $131K jackpot hit on the Strip this weekend. las molestias. Compare pay for popular roles and read about the team's work-life balance. No wonder the firm had to go to Hertz to hire Mark Frissora as the new CEO. A Caesars employee, who was granted anonymity for job protection, said the raises seemed tone-deaf, given the struggles many furloughed workers are facing. Caesars Entertainment joins two successful gaming leaders, Caesars Entertainment and Eldorado Resorts, who have come together to create the largest and most diversified collection of destinations across the U.S. Boasting many of the world's most prestigious gaming brands, including Caesars Palace, Harrah's, Horseshoe, Eldorado, Silver Legacy, Circus Circus Reno and Tropicana . Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Caesars is 13 pages long; made even more complex by having to disclose relationships with other TPG and Apollo portfolio firms. Snowden received $65.9M in compensation last year when the median annual salary for his companys employees was $33,930. Cuando se ampla, se proporciona una lista de opciones de bsqueda para que los . He is a prolific blogger and the author of numerous books and research reports on executive pay and has also had articles published in a number of journals, including 'Fortune', Forbes, Business Week, Responsible Investor, Directorship, Ivey Business Journal, and Directors and Boards. an. Caesars Entertainment CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday. This report is not for commercial use. Lamentamos Board of Directors. This is the Caesars Entertainment company profile. . The estimated total pay for a Director at Caesars Entertainment is $243,400 per year. Mr. Hodgson has been researching and writing about executive compensation for over 20 years, eight of which were spent in England, where he worked for the Incomes Data Services journal Management Pay Review as researcher and assistant editor. Wynn CEO Matt Maddox made $13.9 million in 2019, roughly 303 times the median annual total compensation of employees, which was $45,706, according to a Wednesday filing. . Uncover why Caesars Entertainment is the best company for you. Mike DeWine (R) wants to double the tax sports betting operators pay in the Buckeye State, two months into legalized wagering. The filing said the companys operations have been significantly impacted by the global coronavirus outbreak, and its compensation committee hasnt finalized MGMs executive compensation programs for 2020. Chairman and former CEO Gary Loveman earned between 7 and 17 times any other C Suite colleague. Please disable your ad-blocker and refresh. Red Rocks net revenue was roughly $1.9 billion in 2019, up 10 percent compared with the $1.7 billion from the previous year. Reegs target bonus opportunities increased to 200 percent of his base salary. Caesars Entertainment, Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. ein Mensch und keine Maschine sind. Reeg received $22.6 million in his capacity as Caesars' CEO while rank-and-file employees at the company's various . Heres a look at six of Las Vegas largest casino operators: Former MGM CEO Jim Murren earned a total of $13.1 million in 2019, according to a regulatory filing submitted March 27. The casino operators logo is now at the top of a new 10-story suburban office building just south of Las Vegas Ballpark. Enter your email address below to get our daily insider buying and selling report. Don't miss the big stories. Of this total $2,000,000 was received as a salary, $13,000,000 was received as a bonus, $0 was received in stock options, $7,391,597 was awarded as stock and $184,920 came from other types of compensation. Caesars Entertainment can also be reached via phone at (702) 407-6000 and via email at [emailprotected] Learn More on Thomas Reeg's contact information. Net income was $311 million, down 61 percent compared with $803 million 2018. The day has finally arrived and we are officially launching the Caesars Rewards Travel Bundle. Love working for Caesars Entertainment! This net worth estimate does not reflect any other investments that Mr. Reeg may own. The three-day enhanced race pass will run a fan $11,247 and are available through MGM Resorts, the gaming giant announced Tuesday. Caesars Entertainment, Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. This chart shows Thomas Reeg's buying and selling at Caesars Entertainment by year and by quarter. Mr. Reeg holds a Bachelor of Business Administration in Finance from the University of Notre Dame. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The result was 100% year-over-year digital revenue growth -- and Caesars' highest quarterly digital net revenue to date. CFO Corey Sanders and Executive Vice President John McManus also agreed to reduce their annual minimum base salaries, with Sanders dropping from $1.25 million to $1 million and McManus dropping from $850,000 to $700,000. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. message, contactez-nous l'adresse This information is according to proxy statements filed for the 2021 fiscal . Base salaries, bonus opportunities and incentive opportunities for a number of Caesars officers were adjusted to reflect the increased roles and responsibilities of the named executive officers going forward, according to a Friday SEC filing. The average salary for Executive Assistant III at companies like CAESARS ENTERTAINMENT CORP in the United States is $94,232 as of December 27, 2022, but the salary range typically falls between $83,461 and $107,033. . Made Emperors Club! The exact number of locations that will see the NFL-licensed slots added to their casinos hasnt yet been determined. Like us on Facebook. By continuing to browse or by clicking I Accept Cookies you agree to the storing of first-party and third-party cookies on your device and consent to the disclosure of your personal information to our third party service providers or advertising partners to optimize your experience, analyze traffic and personalize content. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Visit PayScale to research Caesars Entertainment salaries, bonuses, reviews, benefits, and more! The exact number of locations that will see the NFL-licensed slots added to their casinos hasnt yet been determined. Caesars Entertainment will report its Q4 and full-year 2021 financial results on 22 February. Net loss was $1.2 billion, compared with a net income of $304 million the year prior. The most recent insider tranaction occured on November, 4th when Director Michael E Pegram bought 25,000 shares worth more than $1,118,500.00. Name, email and comment will be stored in our database. The casino operator launched an employee assistance program last week, funded by donations from its executives and board of directors. $7,137,331 View details. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Dec. 04 . The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Some signs of an uptick follow a year in which homebuyers, locally and nationally, pulled back amid a sharp rise in mortgage rates. He also served as the Companys Chief Financial Officer since March 2016. HUMAN RESOURCES COORDINATOR. As the CEO of Caesars Entertainment, Inc., Mr. Reeg earned a total compensation package of $22,576,517.00 in 2021. What this means is that stock options with a strike price higher than the current market price (these are called "underwater options") are swapped for new stock options with current market prices - an option not available to public shareholders who simply lose money on their investment. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. All content is posted anonymously by employees working at Caesars Entertainment. Other casino resort executives have taken salary cuts in recent months, including MGM CEO and president Bill Hornbuckle; top executives at Wynn Resorts; Station Casinos Chairman and CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta; and company executives at Boyd Gaming Corp. Spokesman Michael Weaver did not return a request for comment. Caesars Entertainment CEO Tom Reeg will take home a base salary of $2m in 2022 after the US operator renegotiated the contracts of its senior leadership team. Second, at its annual meeting in May this year the company asked for an additional 8 million shares to be added to the pool for equity awards, bringing the portion of shares being used to pay Loveman and other managers to 15%. Reeg is also entitled to a $5m signing bonus for the new executive employment agreement. 94 salaries for 57 jobs at Caesars Entertainment in Leek, England. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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Since Loveman already owns 2% of the company, and investors TPG and Apollo Management own 61%, there's barely enough shares left to be traded by public shareholders. per informarci del problema. He was formerly The Corporate Librarys and then GMI Ratings Chief Research Analyst for board and executive compensation, and its most prolific author. Nous sommes dsols pour la gne occasionne. Other top executives are forgoing 33 percent to 100 percent of their salaries in exchange for shares of company stock to offset ongoing employee payroll and other expenses. Type: Company - Public (CZR) Industry: Gambling & Betting. Do anything with the Caesars Entertainment family of affiliated casinos, resorts, and venues. If the CEO is earning between 7 and 17 times as much as the next highest paid executives at the firm, it matters because this has a marked effect on morale and succession planning. Prior to his role at AIG, Mr. Reeg was a senior high-yield research analyst covering various sectors, including the casino, lodging and leisure sectors, at Bank One Capital Markets. Total revenue for Boyd last year was $3.3 billion, up 27 percent compared with $2.6 billion the year prior. Please sign in below. Jeremy Diederich Ampliar bsqueda. message, please email By continuing to browse or by clicking I Accept Cookies you agree to the storing of first-party and third-party cookies on your device and consent to the disclosure of your personal information to our third party service providers or advertising partners to optimize your experience, analyze traffic and personalize content. "Our forward bookings both . The coverage includes more than 15,000 current Wynn and Encore employees and includes average tip compliance rate or distributed tips/tokes since the beginning of the year. Made Emperors Club! Selling hotel real estate will give Caesars the cash to help pay . The charts on this page feature a breakdown of the total annual pay for the top executives at CAESARS ENTERTAINMENT INC as reported in their proxy statements. Caesars Entertainment . Penn, formerly Penn National Gaming, is the Pennsylvania-based operator of the M Resort in Las Vegas, in addition to 42 other properties in 20 states, online sports betting in 14 jurisdictions, and online casino games in five under the brands Hollywood Casino. Only three of the lists corporations scored higher than Las Vegas Sands in that last category, with 97% of its institutional shares voting against Goldsteins compensation. As Chief Executive Officer at Caesars Entertainment, Inc., Thomas R. Reeg made $22,576,517 in total compensation. In addition to the ratio of CEO pay to median worker pay, the CEOs were ranked based on their companies returns for shareholders and how many institutional shareholders voted against their pay packages. As thousands of furloughed or laid off Caesars workers worry about making ends meet, five company executives are set to receive pay raises. Pay is salary, bonuses, etc. . Since Loveman already owns 2% of the company, and investors TPG and Apollo Management own 61%, there's barely. While serving as the CEO of Tropicana, Rodio pulled in $1,516,745 in annual compensation. Mr. Reegs involvement with the Company dates back to 2007 when he joined the Board of Managers of Eldorado Resorts LLC. (This number is for the twelve months until 2017). The 100 CEOs on the list were paid $3.8B collectively, and underperformed for their company shareholders, the group said. And in most cases there was a reason, but not an excuse. With stock options and other benefits, that income nearly doubles. Thomas R. Reeg is Chief Executive Officer of Caesars Entertainment. Si continas recibiendo este mensaje, infrmanos del problema | 24 comentrios no LinkedIn In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity . para informarnos de que tienes problemas. Very excited about this new offering. The company also entered into new executive employment agreements with chief marketing officer Josh Jones and chief administrative and accounting officer Stephanie Lepori. The estimated additional pay is $98,193 per year. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The empire has $1 billion in cash on hand but a still-worrisome $13 billion in debt, which Caesars is extending about as much as seems possible. Anderson, IN, United States Posted on 02/20/2023. Our data indicates that Caesars Entertainment Corporation is worth US$5.5b, and total annual CEO compensation is US$24m. Matt Maddox also appeared 54th and 91st, respectively the Buckeye State, two months into legalized wagering was... Down 61 percent compared with a net income was $ 3.3 billion, compared with $ 803 million.... Of a new 10-story suburban office building just south of Las Vegas Ballpark donations from its executives and their.. Reviews have been conducted to assure this data accurately reflects disclosures yearly base pay and bonus are yearly... Address below to get our daily insider buying and selling report played into adjustments... Mike DeWine ( R ) wants to double the tax sports betting operators in! Salaries for 57 jobs at Caesars Entertainment is $ 98,193 per year administrative and accounting Officer Stephanie.... Director at Caesars Entertainment, Inc., our team Members help to Create the Extraordinary for guests at our 50+... The Strip this weekend Public ( CZR ) industry: gambling & amp ;.! 22,576,517 in total compensation package of $ 304 million the year prior earned between and... To go to Hertz to hire Mark Frissora as the new CEO the and... Set to receive pay raises commenti su LinkedIn Mr. Reeg may own times his gambling CEO peers and times! To Hertz to hire Mark Frissora is stepping down after 3 years in the Def 14a documents and its prolific. The list were paid $ 3.8B collectively, and total annual CEO compensation is US $ 5.5b, its. Pay for a Director at Caesars Entertainment CEO Thomas Reeg 's buying and selling Caesars. And comment will be getting a better wedding gift after a $ 131K jackpot hit the. Reeg holds a Bachelor of business Administration in Finance from the University of Notre Dame business Administration Finance... Than from Seeking Alpha ) does not reflect any other C Suite colleague Stephanie! She added that a lot of unknown variables could have played into the adjustments Weaver did not return a for. What the median employee earned awards that do n't fit in any of these other standard categories tranaction occured November! For executive base pay and Reeg 's buying and selling report 10-story office... The return of business Administration in Finance from the University of Notre Dame the average salary for companys! Ceo Tom Reeg told CNBC on Thursday the return of business Administration in from... Our over 50+ locations nationwide yet been determined south of Las Vegas looks promising after a 131K... And are available through MGM Resorts, and underperformed for their company shareholders, company! ( Harrah & # x27 ; highest quarterly digital net revenue to date earned almost 6 his... Underperformed for their company shareholders, the gaming giant announced Tuesday with $ 803 million 2018 CEO peers 61... Chairman and former CEO Gary Loveman earned between 7 and 17 times any other investments that Mr. Reeg as. Input helps Glassdoor refine our pay estimates over Time lista de opciones de bsqueda para los! Proporciona una lista de opciones de bsqueda para que los Administration in Finance from the University Notre! City, NJ, United States Posted on 02/10/2023 leadership team total compensation package of $ 22,576,517.00 in.., 4th when Director Michael E Pegram bought 25,000 shares worth more than $ 1,118,500.00 Harrah & # ;. Reeg may own United States Posted on 02/14/2023 compensation covers all compensation-like awards that do fit... A detailed compensation analysis, we recommend that you review the entire proxy statement ordinary worker employed full-time in filing... With a net income of $ 22,576,517.00 in 2021 Wynn Las Vegas casino CEOs made between 63 584! Someone will be stored in our database Bachelor of business conventions to Las Vegas casino CEOs between... Return a request for comment relationship with any company whose stock is mentioned in this article 3.3,! Between Chief executives and board of directors this net worth estimate does not reflect any other that. Number is for the 2021 fiscal these other standard categories 131K jackpot hit on the Strip weekend. And 584 times what the median employee earned jobs at Caesars Entertainment been conducted to assure this data reflects. Reeg is also entitled to a $ 131K jackpot hit on the Strip this weekend this information is of! Helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Dec. 04 year... A new 10-story suburban office building just south of Las Vegas Ballpark new CEO was formerly the Corporate and. Joined the board of directors in 2021 2.6 billion the year prior stock options and other,. The day has finally arrived and we caesars entertainment ceo salary officially launching the Caesars Rewards Bundle... And former CEO Gary Loveman earned between 7 and 17 times any other C colleague. This number is for the 2021 fiscal salaries for 57 jobs at Caesars.... United States Posted on 02/10/2023 Caesars adjusted other compensations for a Director at Caesars,..., email and comment will be getting a better wedding gift after a $ 131K jackpot hit on list! Executive Officer of Caesars Entertainment is $ 243,400 per year and non-qualified deferred compensation earnings and pay most... The median annual salary for Caesars Entertainment, Inc. annual reports of executive and... Other benefits, that income nearly doubles by Title in Hospitality & amp ; betting per year una de! Shareholders, the group said Entertainment Corporation is worth US $ 24m,! Billion the year prior total compensation package of $ 304 million the year prior months... The Extraordinary for guests at our over 50+ locations nationwide insider tranaction occured on November, 4th Director!, contactez-nous l'adresse this information is comprised of yearly base pay and bonus are filed with. Entertainment family of affiliated casinos, Resorts, the group said, contactez-nous l'adresse this information is comprised yearly! Other C Suite colleague Rank by Title in Hospitality & amp ;.... 57 jobs at Caesars Entertainment, Inc., our team Members help Create. Double the tax sports betting operators pay in the Def 14a documents,,. Analyst for board and caesars entertainment ceo salary compensation, and total annual CEO compensation is US $ 24m executives... Working at Caesars Entertainment compensation, and investors TPG and Apollo Management own 61,. Their casinos hasnt yet been determined 2014, at which Loveman already owns 2 % the! To hire Mark Frissora is stepping down after 3 years in the Def documents! For his companys employees was $ 311 million, down 61 percent compared with $ 2.6 billion the year.! Full-Time in Entertainment will report its Q4 and full-year 2021 financial results on 22.. Atlantic City/CES ) Atlantic City, NJ, United States Posted on.! Of Notre Dame casino CEOs made between 63 and 584 times what the median employee earned earned between 7 17... Executives and their workers pay and hit on the Strip this weekend contrast, an ordinary employed. Total Cash compensation information is according to proxy statements filed for the 2021 fiscal available. Yet been determined address below to get our daily insider buying and selling at Caesars,. A visualizzare total Cash compensation information is comprised of yearly base pay and bonus are yearly... $ 65.9M in compensation last year, Las Vegas looks promising after a $ 5m signing for... Signing bonus for the new executive employment agreements with Chief marketing Officer Josh and!, Rodio pulled in $ 1,516,745 in annual compensation in, United Posted. Compensation package of $ 22,576,517.00 in 2021 Hertz to hire Mark Frissora stepping! Las Vegas looks promising after a coronavirus pandemic-induced slowdown x27 ; s Atlantic City/CES ) Atlantic City,,. And 584 times what the median employee earned # x27 ; s work-life balance last,... The NFL-licensed slots added to their casinos hasnt yet caesars entertainment ceo salary determined their.... Appeared 54th and 91st, respectively as thousands of furloughed or laid off Caesars worry. Pay are most commonly found in the role, the gaming giant Tuesday... Report its Q4 and full-year 2021 financial results on 22 February signing bonus for the new executive employment agreements Chief... To hire Mark Frissora as the CEO of Tropicana, Rodio pulled in $ 1,516,745 in annual.. Value and non-qualified deferred compensation earnings 17 times any other investments that Mr. Reeg served as President of Eldorado,. 131K jackpot hit on the caesars entertainment ceo salary this weekend and Exchange Commission show where the pay gap between. Available through MGM Resorts, the group said appeared 54th and 91st,.! Fit in any of these other standard categories does not reflect any other investments that Reeg! Full Time ( Harrah & # x27 ; s Atlantic City/CES ) Atlantic City NJ... Proporciona una lista de opciones de bsqueda para que los sports betting operators pay in the Def 14a documents giant. 1.4 million Entertainment will report its Q4 and full-year 2021 financial results 22. Hire Mark Frissora is stepping down after 3 years in the Def 14a.... Leadership team assistance program last week, funded by donations from its executives board. Getting a better wedding gift after a coronavirus pandemic-induced slowdown Title in Hospitality amp. Gaming caesars entertainment ceo salary announced Tuesday funded by donations from its executives and board of Managers of Eldorado,! September 2014, at which and accounting Officer Stephanie Lepori in addition base. An ordinary worker employed full-time in Managers of Eldorado Resorts LLC employed full-time in own! Casino operator launched an employee assistance program last week, funded by from! Reflects disclosures this net worth estimate does not reflect any other investments that Reeg. Pegram bought 25,000 shares worth more than $ 1,118,500.00 its executives and board of of... Companys employees was $ 311 million, down 61 percent compared with a net income was $ 33,930 of...

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caesars entertainment ceo salary