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Last €5.51 EUR
Change Today -0.035 / -0.63%
Volume 0.0
As of 2:08 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Caesars Palace Drive

Las Vegas, NV 89109

United States

Phone: 702-407-6000

Fax:

Caesars Entertainment Corporation operates as a casino-entertainment and hospitality services provider. The company has entertainment facilities in various areas throughout the United States. The company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, the company operates an online gaming business that provides social and mobile offerings, as well as real money games in certain jurisdictions. As of December 31, 2014, the company, through its consolidated entities, owned and operated or managed 49 casinos in 14 U.S. states and 5 countries. The company’s facilities had an aggregate of approximately 3 million square feet of gaming space and approximately 39,000 hotel rooms. Of the 49 casinos, 37 were in the United States and primarily consist of land-based and riverboat or dockside casinos. The company’s 12 international casinos were land-based casinos, majority of which were located in England. As of December 31, 2014, the company operated the business through the following consolidated entities: Caesars Entertainment Resort Properties, LLC: It operated six casinos in the United States along with The LINQ promenade and owned Octavius Tower at Caesars Palace Las Vegas. Caesars Growth Partners, LLC: It operated six casinos in the United States, and through its subsidiary, Caesars Interactive Entertainment, Inc. (CIE), owned and operated an online gaming business providing social and mobile games, and regulated online real money gaming; and the World Series of Poker (WSOP) tournaments and brand. Caesars Entertainment Operating Company, Inc. (CEOC): It owned and operated 19 casinos in the United States and 9 internationally, majority of which are located in England. It also managed 15 casinos, which include the 6 Caesars Growth Partners, LLC casinos and 9 casinos for unrelated third parties. Effective October 2014, all the company’s properties are managed by Caesars Enterprise Services, LLC. Caesars Enterprise Services, LLC: It is a joint venture by and among certain of the company’s subsidiaries that manages certain enterprise assets and the other assets it owns, licenses or controls, and employs certain of the corresponding employees and other employees who provided services to the company and its subsidiaries. Business Operations The company’s segments include five businesses that reinforce, cross-promote, and build upon each other, such as casino entertainment, food and beverage, rooms and hotel, casino management, and other business operations. Casino Entertainment Operations The company’s casino entertainment operations include revenues from approximately 55,000 slot machines and 3,600 table games, as well as other games, such as keno, poker, and race and sports books. Slot revenues generate the majority of the company’s gaming revenue and are a key driver of revenue, particularly in its properties located outside of the Las Vegas and Atlantic City markets. During 2014, the company opened or redeveloped three casino properties: The Cromwell: The Cromwell’s gaming floor opened in April 2014, featuring 450 slot machines and 60 table games. Its 188 hotel rooms became available to guests starting in May 2014. It features luxurious accommodations in an intimate, Parisian-inspired atmosphere where each room gives guests a VIP experience. The hotel’s blend of modern and vintage design is another element. Horseshoe Baltimore: Horseshoe Baltimore’s 122,000 square feet of casino space opened in August 2014, featuring approximately 2,500 slot machines, including 150 video poker machines, as well as a 25-table WSOP Poker Room, approximately 150 table games, and a high-limit gambling area. The LINQ Hotel & Casino (The LINQ Hotel): The LINQ Hotel is a re-imagination of the former Quad Hotel & Casino featuring approximately 2,200 newly renovated rooms and suites, and gambling experiences, including high-energy gaming pits; approximately 750 slot machines; and a sports book with stadium seating, approximately 230 individual televisions, and 12 big screens. Food and Be

 

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