Caesars Awards CEO $29 Million After Emerging From Bankruptcy

Casino firm repriced options for Frissora, other executives
Company’s shares gained 49% last year, beating Russell 2000

Tourists walk towards the entrance to the Caesars Entertainment Corp.'s Caesars Palace hotel in Las Vegas, Nevada.
Photographer: David Paul Morris/Bloomberg

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By Alicia Ritcey

April 10, 2018 at 3:36 PM UTC

This article is for subscribers only.

Caesars Entertainment Corp. awarded its chief executive officer $29.4 million in compensation for 2017, the year the casino operator emerged from bankruptcy.

Mark Frissora received a $2 million salary, $4.5 million cash bonus, $16.5 million in retention-restricted stock, a long-term cash award of $6 million and $400,000 for repriced options, the Las Vegas-based company said Tuesday in a regulatory filing.