Profile: Caesars Entertainment Corp (CZR.O)
24 Jun 2019
Caesars Entertainment Corporation, incorporated on November 2, 1989, is a holding company. The Company provides casino-entertainment and hospitality services. The Company's segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company's resorts operate primarily under the Harrah's, Caesars and Horseshoe brand names. The Company also owns the London clubs international family of casinos. The Company's facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. As of July 14, 2017, the Company through its subsidiaries, operates 47 casinos in 13 states and five countries. As of December 31, 2016, CERP owned six casinos in the United States and The LINQ promenade along with leasing Octavius Tower at Caesars Palace Las Vegas (Octavius Tower) to Caesars Entertainment Operating Company (CEOC) and gaming space at The LINQ promenade to CGP.
As of December 31, 2016, CGP owned six casinos in the United States. The Company, through its subsidiary Caesars Interactive Entertainment, Inc. (CIE), owns and operates a regulated online real money gaming business and the World Series of Poker (WSOP) tournaments and brand. Caesars Enterprise Services, LLC (CES) provides certain corporate and administrative services for the Members' casino properties, including substantially all of the casino properties owned by CEOC and casinos owned by unrelated third parties. CES also manages certain enterprise assets and the other assets it owns, licenses or controls, and employs certain of the corresponding employees.
The Company is engaged in casino entertainment, food and beverage, rooms and hotel, and entertainment and other business operations. As of December 31, 2016, its casino entertainment operations included approximately 15,000 slot machines and 1,200 table games, such as keno, poker, and race and sports books. As of December 31, 2016, its food and beverage operations included over 50 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service. Its rooms and hotel operations included hotel stays at its casino properties and operated approximately 24,000 guest rooms and suites, as of December 31, 2016.
The Company's properties operates at various price and service points, allowing them to host a range of casino guests visiting its properties for gaming and other casino entertainment options and non-casino guests visiting its properties for other purposes, such as vacation travel or conventions. Its properties include The LINQ Hotel & Casino, Planet Hollywood Resort & Casino and Paris Las Vegas. The Company provides a range of retail and entertainment offerings in its casinos and The LINQ promenade. It also operates various entertainment venues across the United States, including The AXIS at Planet Hollywood.
The LINQ promenade and its retail stores offer guests a range of options from brands and accessories to souvenirs and decorative items. The LINQ promenade is an open-air dining, entertainment, and retail development located between The LINQ Hotel and the Flamingo Las Vegas, and also features The High Roller, its 550-foot observation wheel at The LINQ promenade. In addition, CIE operates an online real money gaming business in Nevada and New Jersey and owns the WSOP tournaments and brand, and also licenses WSOP trademarks for a range of products and businesses related to this brand. The Company owns various casino properties, including Bally's Las Vegas, The Cromwell, Harrah's Atlantic City, Harrah's Laughlin, Harrah's New Orleans, Horseshoe Baltimore and Rio All-Suites Hotel & Casino.
Caesars Entertainment Corp
1 Caesars Palace Dr
LAS VEGAS NV 89109-8969
Company Web Links
- Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy |
- UPDATE 4-Eldorado Resorts takes on bigger rivals with $8.5 bln Caesars buy
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- Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
- UPDATE 1-Eldorado Resorts clinches $18 bln cash and stock deal for Caesars -sources