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NASDAQ GS
Berlin
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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 typically 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 games offerings that utilize virtual currency, as well as real money games in certain jurisdictions. As of December 31, 2015, through the company’s consolidated entities, it owned and operated 12 casinos in the United States, with approximately 1 million square feet of gaming space and approximately 23,000 hotel rooms. The company’s properties are concentrated in Las Vegas, where 8 of the 12 are located. Caesars Entertainment Resort Properties, LLC (CERP): Operates six casinos in the United States and The LINQ promenade along with leasing Octavius Tower at Caesars Palace Las Vegas to Caesars Entertainment Operating Company, Inc. (CEOC) and gaming space at The LINQ promenade to Caesars Growth Partners, LLC (CGP). CGP: Operates six casinos in the United States, and through its subsidiary, Caesars Interactive Entertainment, Inc. (CIE), owns and operates an online business providing social and mobile games, regulated online real money gaming, and the World Series of Poker (WSOP) tournaments and brand. Caesars Enterprise Services, LLC (CES): CES is a joint venture formed by CERP, CEOC, and Caesars Growth Properties Holding, LLC (collectively, the ‘Members’) that provides certain corporate and administrative services for the Members’ casino properties, including all of the 28 casino properties owned by CEOC, and 10 casinos owned by unrelated third parties (including 4 Indian tribal properties). CES also manages certain enterprise assets and the other assets it owns, licenses or controls, and employs certain of the corresponding employees. Business Operations The company’s business includes five complementary businesses that reinforce, cross-promote, and build upon each other: casino entertainment, food and beverage, rooms and hotel, interactive entertainment, and other business operations. Casino Entertainment Operations The company’s casino entertainment operations include revenues from approximately 14,000 slot machines and 1,200 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 the company’s properties located outside of the Las Vegas market. In addition, the company continues to create new, social environments for the company’s guests, such as the TAG Lounge and Bar, which opened in 2015. TAG Lounge and Bar: This sports bar located at The LINQ Hotel & Casino (The LINQ Hotel) features an interactive gaming lounge with digital casino games, touchscreen table top gaming units and hologram blackjack table, as well as a selection of approximately 200 beers and sports streaming worldwide. Food and Beverage Operations The company’s food and beverage operations generate revenues primarily from approximately 50 buffets, restaurants, bars, nightclubs, and lounges located throughout the company’s casinos, as well as banquets and room service. Many of the company’s properties include various dining options, ranging from upscale dining experiences to moderately-priced restaurants and buffets. In 2015, the company opened various new food and beverage offerings, such as: HEXX Kitchen + Bar: Located at Paris Las Vegas, HEXX features American cuisine, a collection of wine, beer, and craft cocktails, as well as Nevada's first bean-to-bar chocolate maker. Le Central: Featuring a dome structure and open-air vibe, Le Central is an inviting spot to relax. The 24-hour lounge centrally located at Paris Las Vegas features plush seating to greet guests, signature cocktails, video screens and video games. Guy Fieri’s El Burro Borracho: Guy Fieri’s newest restaurant at Harrah’s Laughlin offers a ta

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