caesars entertainment
Caesars Entertainment Posts Surprise Quarterly Loss, Misses Wall Street Estimates
October 30, 2024
(Reuters) - Caesars Entertainment posted a surprise third-quarter loss on Tuesday, missing market expectations, as sales were hurt by new competition and construction-related disruptions in regional markets, sending its shares down 4% after the bell. Quarterly loss per share came in at 4 cents, compared to Wall Street expectations of a profit of 12 cents, according to data compiled by LSEG. Caesars' bottom-line in the U.S. regional market has faced increased pressure due to new entrants and expanded offerings from existing competitors. In the past, the casino operator flagged high competition in Indianapolis from Churchill's Terre Ha...
Caesars Entertainment Celebrates Completion of $435M Transformation of Caesars New Orleans
Caesars New Orleans | October 23, 2024
NEW ORLEANS--Caesars Entertainment celebrated the completion of its $435 million transformation of Harrah’s to Caesars New Orleans on Tuesday, Oct. 22. The raucous event began outside of the casino on Canal St. with a ceremony led by Caesars Entertainment CEO Tom Reeg, Caesars Entertainment President & COO Anthony Carano and Caesars New Orleans General Manager, Samir Mowad, where they, alongside Caesar, joined an iconic New Orleans second-line band in a procession into the casino. Caesars New Orleans Team Members and Mayor Latoya Cantrell joined the celebration to commemorate the historic occasion. “We’re incredibly proud to offi...
Analyzing MGM and Caesars Cyberattacks: Lessons in Cybersecurity Preparedness
Mark Munger | September 26, 2023
By Mark Munger In the wake of recent cyberattacks targeting industry giants MGM Resorts and Caesars Entertainment, it’s imperative to examine both the commonalities and disparities in these incidents. These high-profile breaches offer valuable insights into the ever-evolving realm of cybersecurity threats within the gaming industry. Furthermore, they underscore the importance of proactive cybersecurity measures and preparedness. General Considerations Before delving into the specifics of these cyberattacks, it’s essential to emphasize the significance of proactive cybersecurity measures. Post-breach recovery efforts are undoubted...
The Cordish Companies and Caesars Entertainment Unveil Details for Major Pompano Beach Mixed-Use Development – The Pomp
Caesars Entertainment, Inc. | May 5, 2023
POMPANO BEACH, Fla., May 4, 2023 -- The Cordish Companies and Caesars Entertainment announced today their Pompano Beach development, The Pomp, will be anchored by a dynamic Live! dining and entertainment district. Located 35 miles north of Miami and less than 10 miles north of Fort Lauderdale, the 223-acre project is one of the largest developments in South Florida. Once complete, The Pomp will bring together entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah's Pompano Beach casino, in one world-class destination. "It's incredibly exciting for The Cordish Companies t...
Caesars Entertainment Unveils Plans to Add Hotel Tower to Paris Las Vegas
Paris Las Vegas | May 1, 2023
LAS VEGAS--Guests will soon say “au revoir” to the Jubilee Tower at Horseshoe Las Vegas and “bonjour” to the Versailles Tower at Paris Las Vegas. Caesars Entertainment has unveiled plans to renovate the Jubilee Tower at Horseshoe Las Vegas and integrate it into Paris Las Vegas with a new name, Versailles Tower. An investment exceeding $100 million, the Versailles Tower will feature a new exterior and interior. The renovation will introduce 756 redesigned luxury guestrooms and a pedestrian bridge connecting the Versailles Tower to the existing Paris resort. Caesars Entertainment offers more than 23,000 rooms across Las Vegas, and th...
Caesars Entertainment Unveils Official Renderings of Caesars Virginia – a $500 Million Resort to Be Built in Danville
Caesars Entertainment, Inc. | September 16, 2021
DANVILLE, VA - September 16, 2021 - Caesars Entertainment shared official renderings today for Caesars Virginia, its $500 million resort expected to break ground by the end of the year in Danville. Following incredible support by the voters of Danville last November, Caesars Entertainment has been hard at work developing plans for Caesars Virginia, which will include 500 hotel rooms, a state-of-the-art casino floor, Caesars Sportsbook, World Series of Poker Room, new restaurant and entertainment offerings, and much more. "Caesars Virginia will be an economic driver for the region, both as a tourist and entertainment draw an...
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...
Silver Legacy Resort Casino at THE ROW Reno Undergoing $47 Million Renovation
Silver Legacy Resort Casino | January 14, 2021
RENO, Nev., Jan. 14, 2021 -- THE ROW Reno's luxury Caesars Entertainment property, Silver Legacy Resort Casino, is in the process of undergoing a more than $47 million renovation to its resort rooms and suites, projected to be completed by summer 2021. This comes after an investment of over $100 million for a master renovation project at THE ROW, which was completed in mid-2019. The current project will include renovations to the hotel's fifth through 25th floors, with a total of 1,199 redesigned rooms. In collaboration with local Reno-based design firm, MBA Architecture and Design and St. Louis-based architect KdG, the r...
