Caesars Entertainment Corporation (Nasdaq: CZR) is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company.Caesars is mainly comprised of the following three entities: the majority owned operating subsidiary Caesars Entertainment Operating Company, wholly owned Caesars Entertainment Resort Properties and Caesars Growth Properties, in which we hold a variable economic interest.Since its beginning in Reno, Nevada, 75 years ago, Caesars has grown through development of new resorts, expansions and acquisitions and its portfolio of subsidiaries now operate 50 casinos in 13 U.S. states and five countries. Caesars resorts operate primarily under the Caesars, Harrah’s and Horseshoe brand names and Caesars Entertainment in the UK.Caesars builds loyalty and value with guests through a unique combination of great service, unbeatable gaming, hospitality and entertainment offerings, operational and technology excellence and industry-leading corporate citizenship.
President of entertainment
Jim Hunt is chairman of Caesars Entertainment.
Casino shares in the U.S. surged on Thursday on the expectation the U.S. government will provide assistance to the sector as part of its economic stimulus efforts.
Caesars Entertainment recorded strong operational performance in the fourth quarter of 2019 but swung to a net loss of $304 million due to a change in the fair value of one of its key financial instruments. During the quarter, Caesar’s net revenue increased 2.6 percent to $2.2 billion, driven by growth in all business verticals, […]
The blockbuster $17.3 billion deal by which Eldorado Resorts will take over Caesars Entertainment, thus creating the largest US IR operator, has cleared one of its main hurdles as the stockholders of both companies gave their consent on Friday.
Caesars Entertainment Corp CFO Eric Hession said the company is “currently evaluating” its spend for its Korea IR project, named “Caesars Korea”. Hession made the comments during a Q3 earnings call on Wednesday. According to the Caesars Korea website, Caesars Korea is a joint venture project formed through the partnership of Caesars Entertainment Corporation and […]
U.S. casino operator Caesars Entertainment posted a 2.3 percent increase in net revenue in 19Q3, driven by increased consumer demand, and its hotel business in Las Vegas. Tony Rodio, CEO of Caesars Entertainment said the results were in spite of headwinds across their portfolio. “Revenue performance was driven by our Las Vegas region due to […]
Caesars Entertainment said it agreed to sell the Rio All-Suite Hotel & Casino to a company controlled by a principal of Imperial Companies for $516.3 million, in a deal that will allow it to focus on its Las Vegas Strip properties.
Caesars Entertainment Corporation has honored the 30th anniversary of its Responsible Gaming program by pledging more than $1 million to the National Center for Responsible Gaming and other third-party institutions to help further advance the future of responsible gaming. “Thirty years ago, Caesars Entertainment took the initiative to create the first responsible gaming program, serving […]
Caesars Entertainment built up one of the strongest ground games among the international operators campaigning for an IR license, but instability at the parent company in Las Vegas undermined the local team’s efforts, and has now caused the company to become the first major IR operator to pull out of the Japanese market. Under the […]
Caesars Entertainment Corp has pulled out of the race for a Japanese casino license and will focus instead on its current plans and commitments, including a merger with Eldorado Resorts. The U.S. casino operator made the announcement in a press release on Wednesday night. “The timing of our decision is driven by sensitivity to the […]
The strong performance of its Caesars Entertainments’ Las Vegas properties helped to boost total revenue for the second quarter of 2019, in-line with analyst estimates. Said revenue rose 4.9 percent year-on-year, reaching $2.22 billion, with management attributing the results to contribution from Centaur and strength in its Las Vegas hotel and food beverage businesses. “Our […]
Caesars Forum, a state-of-the-art 550,000 square-foot conference facility under construction in Las Vegas, is on pace to meet its scheduled March 2020 opening date. Last month the final steel beam was placed atop the structure, forming a key milestone in its construction. The $375 million conference center will feature the world’s two largest pillarless ballrooms […]
Caesars Entertainment has told staff that its $17.3 billion merger with Eldorado Resorts will likely result in a reduction in headcount, though it’s too early in the process to give details.
Tom Reeg, chief executive officer of Eldorado, raised eyebrows among Asia observers by suggesting that the new Caesars Entertainment would be focused on the United States IR market, perhaps exclusively.
Eldorado Resorts has reached a $17.3 billion merger agreement with Caesars Entertainment, in a deal which will create the largest US IR operator.
Caesars Entertainment has announced a partnership with University of Nevada, Las Vegas (UNLV), to create a technology hub where new gaming and hospitality concepts will be developed and tested in a 43,000 square-foot space.
In a crowded field of international IR operators hoping to obtain one of the three licenses available in Japan, Caesars Entertainment hopes that one of its key competitive advantages is its commitment to “the highest levels of integrity.”
Tangam Systems, a company specializing in gaming optimization and business intelligence software, is helping Caesars Entertainment identify gaming trends among its table games. By utilizing the software program “Table Games Yield Management” (TYM), properties can optimize the guest experience by forecasting player demand, staffing needs on the casino floor, table spreads and pricing. “We’re thrilled […]
U.S. casino operator Caesars Entertainment delivered a solid quarter of revenue and EBITDAR growth in the first quarter of 2019, driven by strong contributions from its Las Vegas gaming business, the acquisition of Centaur, as well as operating and corporate efficiencies. Net revenues increased 7.3 percent to $2.1 billion, while income from operations increased 92 […]
Caesars Entertainment Corporation today confirmed that its Board of Directors has named Anthony Rodio as its new chief executive officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. “Tony brings to Caesars a track record of operational excellence, proven leadership, and deep industry knowledge […]
Casino operator Caesars Entertainment is reportedly preparing to name a new CEO, Anthony Rodio, to replace Mark Frissora, according to a report from the Wall Street Journal. The news, which is expected on Monday U.S. time, will see Frissora booted from the current CEO helm at Caesars. Rodio is the CEO of Affinity Gaming, and […]
It would appear that the competition to partner with the Tomakomai municipal government has now narrowed down to six serious suitors—Caesars Entertainment, Hard Rock International, Mohegan Sun, Rush Street, Clairvest, and Foxwoods.
The victory of the All-Okinawa candidate for governor, Denny Tamaki, would appear to bring to an end any chance that Okinawa Prefecture will join the race to host an IR. Tamaki was the designated successor to the late Governor Takeshi Onaga, who in 2014 turned against the pro-casino policies of his predecessor on the argument […]
Caesars Entertainment unveiled its “100 Year Partnership for Japan” campaign, and made a number of significant announcements about recent developments in the firm’s local IR initiatives.
A dozen companies submitted plans and information to the Yokohama municipal government before the RFI deadline last Friday. Among these, eight were international IR operators, two were domestic property developers, and two were other kinds of Japanese firms.
U.S casino operator Caesar Entertainment Corp has applied for trademark protection in Macau, according to an entry in the Official Gazette. The company applied for trademarks under two subsidiaries, including Flamingo Las Vegas Operating Company LLC, which applied for four trademarks under the name ‘Flamingo’, and Corner Investment Company LLC under the brand ‘The Cromwell’. […]
Several international IR operators have been meeting with members of the Tomakomai Chamber of Commerce & Industry to discuss their bids to partner with this northern Japanese city. At an event attended by about 110 people held Wednesday, Caesars Entertainment and the Clairvest Group made their pitches to the local business community. The Caesars presentation […]
Caesars Entertainment Corp said its board of directors have increased its share repurchase authorization to $750 million common shares, a $250 million increase from the initial plan announced in May.
Caesars Entertainment Corporation has broken ground on its newest development, CAESARS FORUM, a $375 million, 550,000 sq ft conference center in Las Vegas. CAESARS FORUM will be the first facility of this size built on one level and will feature the two largest pillarless ballrooms in the world, equivalent to twenty-seven tennis courts or three […]
Japan’s largest weekly news magazine by circulation, Shukan Bunshun, has published an article accusing Caesars Entertainment of engaging in a practice which they contend effectively amounts to the bribery of Japanese politicians, but which Caesars argues is an accepted and legal practice. The substance of the allegation is that an advisor to Caesars Entertainment bought […]
Canadian pop singer Celine Dion performed a sold out, two-hour show in Tokyo on June 26, her first appearance in Japan in about a dozen years, as part of Caesars Entertainment’s campaign to win one of the three IR licenses that will be up for grabs after the expected passage of the IR Implementation Bill […]
Jason Gastwirth, Caesars’ president of entertainment, confirmed in an exclusive interview with Asia Gaming Brief that he has entered into “initial discussions” with Japanese talent agencies and related groups to explore possible cooperation regarding programming at a potential theater for a Caesars IR in Japan.
Caesars Entertainment Corporation has announced plans to license its Caesars Palace, Flamingo, The Cromwell and The LINQ brand in overseas destinations. The move will allow Caesars and select strategic partners to expand the reach of these brands into gateway cities around the world, said the company in a press release. “Caesars Entertainment (CZR) brings instant […]
Thousands of hotel and casino workers in Las Vegas are set to walk off the job next month, with calls from unionized workers for wage increases, job security and strengthened protections against sexual harassment. At the end of May, the contracts for around 50,000 unionized workers will expire, while new contracts with the aforementioned inclusions […]
Caesars Entertainment is counting on its MICE and entertainment experience to carry off the prize of a casino license in Japan, says William Shen, the company’s managing director for Japan and South Korea.
The level of foreign ownership allowed by the Japanese government in the country’s IRs may play a significant role in determining who gets the coveted licenses, experts told a panel session at G2E Asia.
Las Vegas-based Caesars Entertainment Corp saw first quarter net revenue more than double in 18Q1 compared to the prior year, reaching $1.97 billion.
South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.
The Abe government's decision to drag its feet on more detailed regulations governing the IR industry and to delay the establishment of the Casino Management Board may exercise an effect on which local governments get licensed and which IR operators are selected.
The season has come for the sixteen or seventeen interested IR operators to concretely develop their strategies to woo local governments and to position themselves to be chosen as partners.