Tom Reeg

Reeg’s professional background is rooted in finance. He holds a Bachelor of Business Administration in Finance from the University of Notre Dame and is a Chartered Financial Analyst (CFA). His net worth is estimated between $20 million and $30 million as of mid-2025, largely composed of his executive compensation and CZR stock holdings.

Education and Finance Background

Tom Reeg built his career on a strong foundation of analytical and financial skills. His academic path gave him the tools necessary for large-scale corporate transactions.

Academic Credentials

Reeg earned a Bachelor of Business Administration degree in Finance from the University of Notre Dame. This education provided him with expertise in financial modeling and strategic decision-making.

Furthermore, he achieved the designation of Chartered Financial Analyst (CFA). This highly respected credential showcases his proficiency in investment management and financial analysis.

Early Career in Banking

Reeg began his professional life in investment banking. He worked as a senior high-yield research analyst at Bank One Capital Markets. Later, from 2002 to 2005, he served as a Managing Director and portfolio manager at AIG Global Investment Group (AIG).

There, he helped manage high-yield mutual fund portfolios. This banking experience sharpened his skills in high-stakes deal valuation, preparing him for his eventual shift to corporate leadership.

Professional Rise in Gaming

Reeg successfully transitioned from a financial analyst role to a top operational executive in the gaming sector. His involvement with the company began in 2007.

Transforming Eldorado Resorts

In 2007, Reeg joined the Board of Managers of Eldorado Resorts LLC. By 2014, he was named President of Eldorado Resorts, Inc., and later served as Chief Financial Officer (CFO).

Reeg drove an aggressive growth strategy focused on strategic mergers. He orchestrated several key acquisitions, including the merger with MTR Resorts in 2014 and the purchase of Isle of Capri Casinos in 2017. This expanded Eldorado from a regional operator to a major multi-state entity.

The Caesars Merger

The definitive moment of Reeg’s career came in 2020. He was instrumental in spearheading the $17.3 billion acquisition of Caesars Entertainment Corporation by Eldorado Resorts.

This massive deal created the largest casino operator in the United States by property count. Following the reverse merger, the combined company adopted the Caesars Entertainment, Inc. name, and Reeg became its CEO.

Strategic Focus as CEO

As CEO, Reeg immediately focused on operational efficiency and financial discipline. A main priority has been reducing the significant debt acquired in the merger.

Additionally, he has driven the company’s digital expansion, launching the Caesars Sportsbook and growing the Caesars Rewards loyalty program to over 60 million members. Under his guidance, Caesars reported Q2 2025 net revenues of $2.9 billion.

Personal Life and Recognition

Reeg generally maintains a low public profile, choosing to focus media attention on company performance rather than personal history. He is married, and the couple emphasizes privacy concerning their family life.

His achievements center on his financial acumen and ability to execute complex mergers. The Eldorado-Caesars merger remains his signature accomplishment, fundamentally reshaping the American gaming landscape. He continues to advocate for responsible gaming practices and focuses on education and community development through Caesars’ corporate giving initiatives.