Articles tagged “caesars”

Billionaire Tilman Fertitta is buying a debt pile with a casino company attached. His firm is assuming $11.9 billion of debt from Caesars while putting up $5.7 billion to acquire it. Expect asset sales as an endgame.

With declining leisure demand, mega-events and conventions have become more important to the city’s tourism mix. 

In a market defined by mega-resorts, Caesars is betting on a boutique property for executive-level meetings.

Two U.S. federal agencies warned hotel companies that using the same pricing software as rivals use may risk violating antitrust law in highly concentrated markets.

Caesars Entertainment and SL Green confirmed in a New York Times story that they are partnering up to bid for a downtown New York City casino license.

Caesars had under-invested in the tech needed to support the hotel side of its business. Recently it has been playing catch up. Some of its experiments are innovative, such as mobile ordering for food at the lobby or by the pool.

This week in hospitality, Caesars responds to changing consumer demand, a report finds that direct booking keeps customers in loyalty programs, and a "glamping" startup raises $115 million.

You can bet the incredible brand recognition of the Caesars name will still prove to be a double-edged sword as Caesars tries to delve deeper into the non-gaming space.

We’re putting our money on the Cromwell and LINQ brands to do well with the hotel owner/developer set, which is increasingly looking for upscale lifestyle and select-service brands. As for the Caesars Palace and Flamingo brands — they're so inextricably tied to Vegas and to gaming, it'll be hard to convince guests otherwise.

We can only hope that a large portion of Steve Wynn's $34 million compensation from last year will go to his multiple alleged victims.