Caesars Entertainment Corp (NASDAQ:CZR) has joined the list of organizations and individuals contributing to the Vegas Strong Fund which aims to support the victim of the Las Vegas tragedy.
Mark Frissora, the president and CEO of Caesars Entertainment contributed $100,000 to the Vegas Strong Fund which was an initiative of Planet Hollywood Resort & Casino. The CEO contributed alongside Ringo Starr and wife Barbara Starkey who also gave $100,000 from their Lotus Foundation. Jan Jones Blackhurst, the chairman of the Nevada Resort Association received the donations.
The Vegas Strong Fund was launched on October 12 with the aim of collecting resources through donations. The funds contributed will be used to support the victims of the recent shooting in Las Vegas as well as supporting their families. Caesars Entertainment and its employees pledged to contribute $2 million to aid in the cause.
Ringo Starr also dedicated his opening show at the Planet Hollywood Resort & Casino to those that were affected by the Las Vegas shooting. He had eight shows at the PH Showroom alongside his All Starr Band.
Caesars Entertainment is one of the major donors that have contributed to the Vegas Strong Fund. The company recently announced that it had appointed a new board of directors to take over the leadership especially now that it has finalized the last chapter of its two-year bankruptcy restructure. The new board of directors will be led by James S Hunt who was previously an executive at Walt Disney Co (NYSE:DIS) and Ernest & Young.
“It is an honour to have been designated as Chairman of the Board of Caesars Entertainment. Caesars is a leader in gaming and entertainment with strong brands, first-class properties and talented people. I am committed to working tirelessly with our Board colleagues and our management team to drive long-term value creation,” stated Hunt.
Frissora also pointed out that the completion of the merger, as well as the restructuring process, will allow the firm to pursue value creation and growth.
Caesars Entertainment stock closed the latest trading session on Friday at $12.15.