Tag Archives Caesars

Caesars investing $47 million to upgrade Silver Legacy at The Row Reno

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American hotel and casino entertainment company, Caesars Entertainment Inc. (CZR), formerly Eldorado Resorts Inc., is investing $47 million worth of upgrades to its showcase resort property in downtown Reno, the Silver Legacy. According to the Nasdaq-listed firm’s recent announcement, 75 percent of the 38-floor resort’s 1,600 rooms and suites, from the fifth through the ...

Members Only: Eastern Band of Cherokee Indians Approve Buying Caesars Southern Indiana at Unpublicized Council Meeting

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Two days after the Eastern Band of Cherokee Indians tribal council tabled a decision to purchase Caesars Southern Indiana, the sovereign nation’s elected officials held a special meeting not publicized on its website to approve – by a reportedly narrow margin – the purchase at up to $280 million. ...

Deadline Looming for Eastern Band of Cherokee Indians as Council Tables Decision to Buy Caesars Southern Indiana

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The Eastern Band of Cherokee Indians stands at a crossroads, Principal Chief Richard Sneed told the Tribal Council Tuesday. And the North Carolina tribe will stay there for at least a day, if not longer, as leaders weigh whether to sign off on the purchase of Caesars Southern Indiana and enter the commercial gaming ...

Caesars Entertainment Incorporated agrees to sell Tropicana Evansville

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American casino operator Caesars Entertainment Incorporated has announced the signing of a deal that is to see it offload its Tropicana Evansville property to Gaming and Leisure Properties Incorporated for $480 million in cash. The Las Vegas-headquartered firm used a short Tuesday press release to declare that the disposal of the 338-room venue to the ...

Expanded coverage for Caesars Rewards loyalty program

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The Caesars Rewards loyalty program now covers a further 18 properties following July’s merger of American casino operators Caesars Entertainment Corporation with Eldorado Resorts Incorporated to create the new-look Caesars Entertainment Incorporated. The newly-enlarged firm used an official Wednesday press release to detail that casino patrons are now able to earn loyalty points by ...

Caesars Entertainment Incorporated completes Harrah’s Reno sale

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American casino operator Caesars Entertainment Incorporated has announced the completion of the deal that has seen it offload its Harrah’s Reno property to an affiliate of real estate investments firm CAI Investments for $41.5 million in cash. The Las Vegas-headquartered firm used a short Wednesday press release to detail that the disposal of the 940-room ...

Negotiations for Caesars Virginia’s proposed Danville casino nearing completion

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In Virginia, negotiations are reportedly nearing completion on a development agreement with Caesars Virginia, a subsidiary of Caesars Entertainment Corp. (CZR:NASDAQ) as the city of Danville’s chosen casino gaming operator. The update comes after in mid-July, Virginia Lottery officials approved a casino proposal that would see the Las Vegas-based gaming company build and operate a ...

Five Caesars Entertainment executives set to receive pay raises while employees are laid off or furloughed

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As the casino industry tries to deal with the coronavirus pandemic, employees continue to be laid off or furloughed. Top companies like Caesars Entertainment have been forced to let go of employees due to casino capacity restraints and the current market demand. While employees affected are trying to figure out how to make mortgage ...