New Jersey Regulators Approve Caesars Board Members

The New Jersey Casino Control Commission has approved the appointment of five directors of Caesars Entertainment Corp., including CEO Mark Frissora, as part of Caesars ongoing Chapter 11 bankruptcy reorganization.

The New Jersey Casino Control Commission has approved the appointment of five new directors for Caesars Entertainment in the company’s bankruptcy reorganization.

Approved were Thomas M. Benninger, John M. Boushy, John M. Dionne, James S. Hunt and Marilyn G. Spiegel to be on Caesars’ board of directors.

“They have been selected through a process that went on during the bankruptcy and are independent of Caesars,” Paul O’Gara, an attorney representing Caesars told the commission according to a report in the Press of Atlantic City. “Each of them has various levels of experience.”

Already approved by the commission are Mark P. Frissora, CEO and president of Caesars; David Sambur, senior partner of Apollo Global Management; Rich P. Schifter, a senior advisory at TPG; and Don Kornstein, managing member of the strategic, management and financial consulting firm Alpine Advisors LLC.

A 10th member is expected to be appointed soon, O’Gara told the commission.

Caesars Entertainment Operating Co. filed for Chapter 11 in 2015 and settled its $18 billion bankruptcy case in January. Caesars split the company into a real estate trust and an operating company.

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