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lake tahoe stateline casinosBut based on the million shares being valued at just over million, it’s clear the position is already profitable for Loeb’s firm, because the stock closed at .His hedge fund added a stake in Caesars.While Caesars isn’t the biggest position in the hedge fund’s portfolio, it’s clear the gaming equity played a role in boosting the firm’s returns.Based on value at the time of addition and number of shares, Caesars was one of Third Point’s smaller equity investments at the end of the third quarter.Third Point employs an event-driven, value-oriented investment style.Carl Icahn’s Icahn Enterprises, which was one of the architects of the Caesars/Eldorado merger, no longer owns a position in the gaming company, according to its latest 13F.online casino colorado