Carano, Actress with Caesars Ties, Disney Settle Civil Suit
After the actress was fired from her position on the streaming series "The Mandalorian," she filed a lawsuit in 2024, which was settled by Walt Disney (NYSE: DIS) and Gina Carano, whose family is the biggest non-institutional investor in Caesars Entertainment (NASDAQ: CZR).
Disney and Lucasfilm reached a settlement in their lawsuit against Carano, according to a report published by the New York Post on Thursday. Although the agreement's exact financial details were not made public, a source who spoke on condition of anonymity informed Casino.org that there are murmurs in Hollywood that the settlement was for no more than $100,000.
In 2021, she was fired from the Disney+ series after making a social media comparison between being Jewish in Nazi Germany and being conservative in the United States. Carano's lawyers assert that her outspoken social media posts were the sole reason she was sacked by Disney under former CEO Bob Chapek.
Elon Musk's social media network provided financial support for Carano's lawsuits against Huckleberry Industries, Disney, and Lucasfilm. "My sincere gratitude to Elon Musk, a man I've never met, who performed this Good Samaritan act for me," the performer said. The U.S. District Court for the Central District of California heard the case.
Lucasfilm Seems Upbeat About Collaborating with Carano
Carano's grandfather founded Eldorado Resorts, which carried out a $17.3 billion acquisition of "old Caesars" in 2020. Lucasfilm, the firm that created the renowned "Star Wars" series, seems open and willing to collaborate with Carano once more.
"With this lawsuit concluded, we look forward to identifying opportunities to work together with Ms. Carano in the near future,” said the studio in a statement provided to various media outlets. “Ms. Carano was always well respected by her directors, co-stars, and staff, and she worked hard to perfect her craft while treating her colleagues with kindness and respect.”
After being fired from Disney, 43-year-old Carano, a former UFC star, did get a few movie credits. After being fired by Disney, she was discarded by her agency, UTA.
Relationships in Gaming
Caesars' executive chairman is Gina's uncle, Gary Carano. While Anthony Carano, Gina's cousin, owns 254,212 shares of the gaming company's equity, he owns over 275,000 shares. He serves as the gambling giant's president and COO. An estimated 10% of Caesars' equity is held by the Donald Carano Family Trust overall.
Because Disney's ESPN division licenses its brand to Penn Entertainment (NASDAQ: PENN) for use on that company's online sportsbook, there are additional connections to the gaming sector. Penn is paying the sports network $1.5 billion over ten years and $500 million in warrants that enable the network to purchase roughly 31.8 million shares in the casino corporation as part of that agreement, which was negotiated two years ago.
