Caesars Says It Has Engaged With Icahn, Continues to Have Talks

Casino operator Caesars Entertainment Corp. responded to Carl Icahn’s push for it to consider a sale, saying it has met with the billionaire activist investor and will keep communication open as it weighs his ideas.

Icahn disclosed in a filing Feb. 19 that he has a 9.8 percent stake in Caesars, saying he believes a sale of the company would be the best forward course. In a statement Feb. 20, Caesars didn’t specifically address the sale idea but defended its current strategy of internal investment, acquisitions and brand licensing.

“The board and management have engaged in discussions with Mr. Icahn ...