Another Icahn Caesar Board Member Resigns

A second of the three members representing billionaire Carl Icahn (l.) on the board of Caesars Entertainment has resigned. James Nelson announced the resignation, effective immediately.

Three months ago billionaire Carl Icahn sold most of his interest in Caesars Entertainment and left three representatives as members of the board of directors.

Last week, the second of the three representatives, James Nelson, resigned from the board, according to an SEC filing. Nelson resigned, effective immediately.

According to Caesars, his resignation “was not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices.”

In July, Keith Cozza, chief executive officer of Icahn Enterprises resigned from the board, roughly the same time that Icahn sold 10 person of his interest in the company, leaving him with about 2 percent of his original share. At one time he held 17 percent of the company and controlled up to 25 percent. He used this leverage to bring about the merger sale to Eldorado Resorts for $17.3 billion.

Icahn representatives Nelson, Cozza and Courtney Mather were added to the board before the merger in March 2019.