U.S. Markets closed

Caesars Entertainment names Colvin as CFO

LAS VEGAS (AP) -- Casino operator Caesars Entertainment has appointed Donald Colvin as executive vice president and chief financial officer.

Colvin succeeds Jonathan Halkyard, who left the posts in May to take on the same positions at Nevada's largest utility company, NV Energy Inc.

Colvin will be responsible for Caesars' finance functions. He previously served as executive vice president and CFO at ON Semiconductor Corp.

Colvin will report to Caesars Chairman, President and CEO Gary Loveman.

Shares of Caesars Entertainment Corp., which runs casino-resorts mostly under the Caesars, Harrah's and Horseshoe brands, rose 44 cents, or 9.7 percent, to $4.98 in afternoon trading on Thursday. The stock dropped to $4.52 earlier in the session, its lowest point since began trading in early February.