12:04 PM EDT, 05/31/2024 (MT Newswires) -- (Updates with Icahn and Ceasars couldn't be reached for comment in fourth paragraph.)

Carl Icahn has amassed a large position in Caesars Entertainment ( CZR ) , Bloomberg reported Friday, citing people familiar with the matter.

The size of the stake and Icahn's intentions were unclear, the report said.

A representative for Icahn declined to comment, while Caesars couldn't immediately be reached for comment, Bloomberg said.

Icahn and Caesars didn't respond immediately to requests for comment from MT Newswires.

Shares of Caesars jumped 15% in recent trading Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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