The company already has begun a $60 million remodeling of rooms at the Flamingo, a $35.1 million remodeling at Harrah’s, a $2.7 million plan to replace windows in Harrah’s north tower with insulating glass and a $1.3 million remodeling of the sports book at The Cromwell. The operator of Caesars Palace, Paris Las Vegas, Harrah’s, Bally’s, Planet Hollywood, Flamingo, The Linq Hotel, The Cromwell and Rio can now embark on a strategy that includes plans to build a convention facility and freshen its hotel rooms.įrissora told the state Gaming Control Board and the Nevada Gaming Commission in August is looking at growth on 7 acres in front of its flagship Caesars Palace property as well as 40 acres east of Bally’s and Paris Las Vegas. The emergence from Chapter 11 bankruptcy protection concludes more than 2½ years of volatile courtroom battles that largely limited the company with nine Las Vegas properties from expanding. The company also announced its 11-member board of directors that includes President and CEO Mark Frissora and two other holdovers from the previous board. with a restructuring that will enable it to invest $2 billion in future growth, much of it in Las Vegas. The company on Friday announced it has completed its announced merger between subsidiaries Caesars Acquisition Co., and Caesars Entertainment Operating Co.
(Richard Brian/Las Vegas Review-Journal) Entertainment Corp.
