caesars
Caesars Entertainment to Invest $400 Million Into Its Atlantic City Resorts By 2023
Caesars Entertainment Atlantic City | April 22, 2021
Master plan includes remodeled room towers, new restaurants and amenities, and a focus on revitalizing the Company's flagship casino-hotel, Caesars Atlantic City, on the world-famous Atlantic City Boardwalk First phase of $170 million in guestroom and suite upgrades at Harrah's Resort Atlantic City and Caesars Atlantic City will debut Summer 2021 ATLANTIC CITY, N.J., April 22, 2021 -- Caesars Entertainment, Inc. ("Caesars" or the "Company") shared exciting details today on its $400 million master plan investment in Atlantic City where it owns and operates three of the region's preeminent casino destinations – Caesars, Harrah's Resort...
Caesars Entertainment and VICI Properties Enter Into $400 Million Mortgage
Caesars Entertainment, Inc. | September 21, 2020
RENO, Nev. and LAS VEGAS, Sept. 21, 2020 -- Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," or "Caesars Entertainment") announced today its subsidiary's entry into a $400 million mortgage with a subsidiary of VICI Properties Inc. (NYSE: VICI) ("VICI Properties" or "VICI") that is secured by the CAESARS FORUM Conference Center in Las Vegas, in accordance with the previously announced letter of intent (the "LOI") entered into on June 15, 2020. The five-year mortgage will initially bear interest at a rate of 7.7% and will be pre-payable beginning in year three, subject to certain conditions (and may be prepaid earlier in the cas...
Twin River Worldwide Holdings to Acquire Three Casinos From Eldorado and Caesars
Twin River | April 27, 2020
Adds Eldorado Shreveport Resort and Casino, Mont Bleu Resort Casino & Spa and Bally's Atlantic City Hotel & Casino to Twin River's Portfolio Transactions Expected to be Immediately Accretive to Earnings Significantly Advances Ongoing Portfolio Diversification Strategy PROVIDENCE, R.I., April 27, 2020 -- Twin River Worldwide Holdings, Inc. (NYSE: TRWH) ("Twin River" or the "Company") today announced that it has entered into an agreement with Eldorado Resorts, Inc. ("Eldorado") to acquire Eldorado Shreveport Resort and Casino ("Shreveport") in Shreveport, Louisiana and the Mont Bleu Resort Casino & Spa ("Mont Bleu") in Lake Taho...
HCW Breaks Ground on 265-Room Caesars Republic Scottsdale Hotel
HCW | February 28, 2020
SCOTTSDALE, Ariz., Feb. 28, 2020 -- HCW, a real estate development company with offices in Arizona and Missouri, announced that it has broken ground on the first Caesars Republic non-gaming U.S. hotel. HCW, which has developed more than $2 billion in real estate in the last 23 years, has teamed up with Caesars Entertainment Corporation (NASDAQ: CZR) and Macerich (NYSE: MAC) to bring the 265-room Caesars Republic Scottsdale luxury brand hotel to Scottsdale, Arizona. The hotel will be located at Scottsdale Fashion Square on the southeast corner of Goldwater Blvd. and Highland Ave. in the heart of the Scottsdale dining lifestyle district....
Caesars Entertainment and VICI Properties to Sell Harrah’s Reno to CAI Investments for $50M
Caesars Entertainment | January 16, 2020
LAS VEGAS, Jan. 16, 2020 -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment" or "Caesars") and VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or "VICI") today announced they have signed an agreement to sell Harrah's Reno Hotel and Casino ("Harrah's Reno") to an affiliate of CAI Investments (the "Buyer") for $50 million. The proceeds of the transaction shall be split 75% to VICI and 25% to Caesars, while the annual rent payments under the Non-CPLV Master Lease between Caesars and VICI will remain unchanged. Under the terms of the agreement, Caesars will continue to operate the property upon closing of the tra...
Caesars Entertainment to Sell Rio All-Suite Hotel & Casino to Company Controlled by a Principal of Imperial Companies for $516.3M
Caesars Entertainment | September 23, 2019
LAS VEGAS, Sept. 23, 2019 -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars" or "Caesars Entertainment"), one of the world's most diversified casino-entertainment providers, today announced it has signed an agreement to sell the Rio All-Suite Hotel & Casino (the "Rio") to a company controlled by a principal of Imperial Companies (the "Buyer") for $516.3 million, which implies a strong sales price to EBITDA multiple. Under the terms of the agreement, Caesars will continue to operate the property pursuant to a lease for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 m...
Caesars Entertainment CEO Mark Frissora to Leave Company
Caesars Entertainment | November 5, 2018
LAS VEGAS, Nov. 5, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced that President and Chief Executive Officer Mark P. Frissora is leaving the Company, having led a successful operational and financial transformation and established a platform for future growth. To support a seamless transition, Mr. Frissora will remain in his current role until February 8, 2019. The four members of the Compensation and Management Development Committee as well as the Chairman of the Board will work with a nationally recognized search firm to identify Mr. Frissora's successor. "The Board of Directors thanks Mark for his instrumenta...
Caesars Entertainment Partners With Grupo Questro for $200 Million Caesars Palace Luxury Resort in Puerto Los Cabos, Baja, Mexico
Caesars Entertainment Corporation | April 26, 2018
LAS VEGAS, April 26, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced plans to bring a non-gaming Caesars Palace resort to beach-front property along the coast of Puerto Los Cabos, Mexico. The hotel licensing strategy is part of Caesars' plan to expand its brands into new global markets. The $200 million luxury beachfront hotel will be developed by Grupo Questro, one of Mexico's preeminent developers with over 30 years of experience and a diversified portfolio of projects that includes resorts, hotels, shopping centers, golf courses, and residential complexes. Caesars Entertainment will manage the property...
