Caesars Rewards, the largest gaming loyalty program in the world, has recently grown by 20 percent and 18 properties thanks to the merging of Caesars Entertainment and Eldorado Resorts in July.
Caesars Rewards Loyalty Program Expands (press release)
Caesars Korea, a major IR development project in Incheon, may have its license canceled in March due to the long suspension of construction activities and the failure to meet various benchmarks and commitments.
Caesars Entertainment’s intentions regarding its IR development in South Korea remains a mystery, fully ten months after construction of the facility has been frozen. While it is apparent that official deadlines will not be met, applications for a business plan change have not even been filed.
Caesars Entertainment has recorded a net loss of US$926 million in the July-September period. Net revenues came in at US$1.4 billion, a decrease of 34 percent on a same-store basis versus the comparable prior-year period.
Caesars Entertainment, Inc. said it agreed to sell Tropicana Evansville to Gaming and Leisure Properties and Twin River Worldwide Holdings for US$480 million in cash, subject to a customary working capital adjustment.
Both Caesars Korea and Mohegan’s Inspire Resort have suspended construction of their facilities in Incheon for months, with no word on when the building will continue. The outlook for the Caesars IR is particularly cloudy.
Caesars Entertainment says it’s in advanced talks to buy William Hill for GBP2.9 billion ($3.7 billion) to position itself to take full advantage of the expanding U.S. sports betting market.
Ambitious plans to build a cluster of IRs near Incheon Airport are beginning to hit roadblocks as Covid-19 disrupts financing options, according to the Korean media. There are three major facilities in the area: Paradise City, which is already open and operating; the under-construction Inspire Entertainment Resort led by Mohegan Gaming & Entertainment, and the […]
Caesars Entertainment Inc has opened 51 out of 54 properties across the U.S. since mid-May 2020, with only three in Las Vegas remaining closed amid the coronavirus pandemic. The closures understandably affected the company’s second-quarter operating results, but CEO Tom Reeg said that demand trends since reopening have been stronger than expected. “Our second-quarter operating […]
The effective takeover of Eldorado Resorts of Caesars Entertainment to create a new, merged company under the Caesars name has created the largest casino company in the United States. The blockbuster US$17.3 billion deal was first announced in June 2019, but now all of the regulatory and other hurdles have been overcome. The combined company […]
Caesars Entertainment Corp has implemented a universal mask policy across all of its properties starting Wednesday, June 24, 2020, according to a company announcement. The mask policy will require that everyone indoors at its properties across the Caesars network will be required to wear masks at all times, except when eating or drinking. It applies […]