World's largest casino
One Harrah's Court
Las Vegas, NV 89119
CEO: Gary Loveman
Caesar's Entertainment is the world's largest casino operator. It owns or manages 40 casinos primarily in the United States and United Kingdom. The company changed its name from Harrah's Entertainment in November.
“In recognition of Caesars’ status as the world’s preeminent and most respected casino brand, we have changed the name of our parent company to Caesars Entertainment Corporation,” said Gary Loveman, chairman, president and chief executive officer of Caesars Entertainment. “The change reflects our evolution as the industry's leading provider of branded casino entertainment.”
The casino company's best-known properties include Caesar's Palace, Bally's, Harrah's, Paris, Planet Hollywood and Rio's in Las Vegas. It also owns Caesar's, Harrah's, Bally's and Showboat casinos in Atlantic City. Other casinos are in: Biloxi, MS; Tunica, MS; St. Louis, MO; Council Bluffs, IA; and Joliet, IL.
Caesars also owns the World Series of Poker and the London Clubs International family of casinos.
The company's properties total over 3 million
feet of gaming space and 40,000 hotel rooms.
In February 2010, Caesar's acquired Planet Hollywood Hotel and Casino. The resort is located on the Las Vegas Strip next to Paris Hotel.
A planned IPO for late 2010 was postponed due to market conditions.
The company was originally founded in 1937
when Bill Harrah opened his first bingo parlor in Reno, NV. Harrah
would soon open new casinos in Lake Tahoe and Reno. In 1973,
Harrah's became the first publicly-traded casino company on the
New York Stock Exchange. Bill Harrah died in 1978.
In 1980, Holiday Inns would acquire Harrah's
and the company would build its first hotel in Atlantic City
called Harrah's Marina. The casinos and hotels would eventually
become part of the Promus Companies in 1990. The Harrah's name
was restored in June 1995 and renamed Harrah's Entertainment.
In 1997, the company spent $200 million
on renovating and expanding Harrah's Las Vegas. It acquired the
Rio Hotel & Casino in 1999 to give the company a true Vegas
resort and off-strip property.
In 2005, Harrah's acquired Caesar's Entertainment
for $9.4 billion to make it the world's leading casino company.
Harrah's also purchased Imperial Palace, a casino on the Las
Vegas Strip, for $370 million.
The company was purchased by private equity firms Texas Pacific Group and Apollo Management for $27.8 billion on January 2008.
* Medical, Dental & Vision Coverage
* On-Site Health & Wellness Centers
* Mobile Dentistry
* On-Site Health Educators*
Updated December 12, 2010