Keyword: Caesars Entertainment
The transaction, expected to be consummated in the first half of 2020, is still subject to regulatory approval and other closing conditions.
Caesars Entertainment Corp. has signed an agreement to sell the Rio All-Suite Hotel & Casino to a company controlled by a principal of Imperial Cos.
With this partnership, more than 700 million consumers across Alibaba’s platforms will have access to Caesars’ 23,000 guestrooms and suites in Las Vegas.
The combined company, which will retain the Caesars name, will comprise 60 properties and more than 50,000 guestrooms.
A number of hotel companies have been accused of agreeing not to bid on each other’s brand names when purchasing Google ads, avoiding price competition.
Tony Rodio, who has served as CEO at Affinity Gaming since October 2018, will transition to Caesars over the next 30 days.
Harrah’s Las Vegas, Caesars Palace, Paris Las Vegas and Planet Hollywood feature more than 21,000 square feet of new LED video.
The hotel will complete the final guestroom renovations in May with an additional investment of more than $86.8 million.
Shearin's most recent role was VP and general manager at the Argosy Casino Alton in Alton, Ill., as the first female GM for Penn National Gaming.
The first hotel in the brand will be located in Scottsdale, Ariz., and will be Caesars Entertainment's first nongaming hotel in the U.S.