We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Caesars Entertainment Inc | NASDAQ:CZR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.47 | -1.29% | 35.88 | 35.87 | 35.89 | 36.285 | 35.6889 | 36.20 | 610,910 | 15:37:43 |
NEW ORLEANS, Dec. 8, 2020 /PRNewswire/ -- Caesars Entertainment, Inc., parent company of Harrah's New Orleans, shared plans today to transform the award-winning property into Caesars New Orleans as part of a $325 million renovation and construction project that will significantly enhance the property, set to be completed by 2024.
The plans, presented today before the New Orleans Building Corporation, detail a large-scale renovation of Harrah's, the only land-based casino in New Orleans. Embracing the iconic Caesars brand, the project will create a new flagship resort, Caesars New Orleans, featuring the elegance and indulgence that has become Caesars' hallmark only steps from the famed French Quarter.
Preliminary plans include:
"We are excited to introduce Caesars New Orleans to the city," said Tom Reeg, CEO of Caesars Entertainment. "As the only land-based gaming operator in the city, we take great pride in our 20-year history in New Orleans, and this reinvestment is a testament to our continued commitment."
"We will continue to move this city forward and fuel our economic recovery, moving important projects that put people to work and entertain residents and visitors alike," said LaToya Cantrell, Mayor of New Orleans. "We are excited that this expansion will mean hundreds of construction jobs during the project and hundreds more in sustainable and new jobs post-construction. The addition of Caesars New Orleans will strengthen our city's position as the top cultural and entertainment destination city in the nation."
In June of 2019, Caesars Entertainment was awarded an extension to its operating contract, allowing operation until 2054. As part of the extension agreement, Caesars Entertainment will provide millions in tax revenue to New Orleans and Louisiana while creating 600 construction jobs during development and 500 sustainable and new jobs following the construction phase.
"As a native of New Orleans, I am so proud that we are working with local architects and designers to help enhance an already incredible destination," said Samir Mowad, General Manager of Harrah's New Orleans. "What was shared today is only the beginning of a transformation that will bring new energy, excitement, and fun to New Orleans."
Additional details on new hospitality, entertainment, and culinary offerings will be shared in the coming months, subject to City and Louisiana Gaming Control Board approval. For more information, please visit www.caesars.com/destinations#Louisiana.
For renderings, click here
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment's resorts operate primarily under the Caesars®, Harrah's®, Horseshoe® and Eldorado® brand names. Caesars Entertainment offers diversified amenities and one-of-a-kind destinations, with a focus on building loyalty and value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate.
About Harrah's New Orleans Casino and Hotel
Harrah's New Orleans Casino opened in October 1999 on Canal Street in the heart of downtown New Orleans, just steps away from The French Quarter. It is the area's only land-based casino with more than 115,000 sq. ft. of gaming, including more than 1,400 slot machines, 130 table games and a 20-table poker room. In 2006, Harrah's New Orleans opened a 450-room luxury hotel, located on Poydras Street adjacent to the casino. Harrah's New Orleans is part of Caesars Entertainment, Inc. For more information, please visit harrahsneworleans.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/caesars-entertainment-invests-325-million-to-transform-harrahs-new-orleans-into-caesars-new-orleans-301188735.html
SOURCE Caesars Entertainment, Inc.
Copyright 2020 PR Newswire
1 Year Caesars Entertainment Chart |
1 Month Caesars Entertainment Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions