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kansas star casino newsAs Hurricane Florence threatened to approach the Carolinas this week, Atlantic City’s new Ocean Resort said evacuees were welcome to stay for free.Longtime Caesars hedge fund owners Apollo Global Management and TPG Capital led the search to replace then-CEO Gary Loveman with former Hertz head Frissora in 2015.The Post claims several hedge fund managers invested in Caesars believe hiring Frissora — who had no gaming industry experience prior to assuming the CEO position of one of the largest casino operators in the world — was a mistake.Caesars Entertainment shareholders have seen their valuations decline nearly 17 percent in 2018, and several activist hedge funds that control a substantial portion of the casino operator are becoming discontent with the company’s leadership, specifically CEO Mark Frissora.But activist investors — including billionaire Carl Icahn — sought a new CEO after reported “accounting mistakes and internal control issues” were unveiled.Though the CEO said at the close of the purchase that the “acquisition represents an outstanding opportunity to expand our footprint in a growing region,” others said the price was far too high.gold coast casino open

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