Caesars Entertainment directors resign; FTC issues Second Request on Fertitta merger
Two Caesars directors, Jesse Lynn and Ted Papapostolou, resigned from the board effective immediately on September 16, 2026, and the Icahn Group waived its right to appoint replacements. The Federal Trade Commission issued a Second Request on September 14, 2026, which extends the HSR Act waiting period for the pending merger with Fertitta Entertainment, so completion is further delayed and remains subject to regulatory review and other closing conditions.
Key points
- Jesse Lynn and Ted Papapostolou resigned from the board effective immediately, as of September 16, 2026.
- The Icahn Group waived its right to appoint replacement directors under the agreement dated March 17, 2025.
- The FTC issued a Second Request on September 14, 2026; the waiting period runs until 30 days after substantial compliance by each party, unless extended or ended sooner.
- The proxy deadline for internet or telephone voting is 11:59 p.m. Eastern Time on September 21, 2026.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.