Deals
Caesars Plans New Las Vegas Developments After Bankruptcy Exit
- CEO Frissora has plans for 90 acres, including Strip frontage
- Largest U.S. casino owner also eyes international markets
Mark Frissora, Caesars Entertainment Corp.'s chief executive officer, discusses the company's restructuring plans with Bloomberg's David Westin on 'Bloomberg Markets.' (Source: Bloomberg)
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Caesars Entertainment Corp. Chief Executive Officer Mark Frissora wants to develop more than 90 acres the company owns in Las Vegas, including land right in front of Caesars Palace, after its largest unit emerges from bankruptcy later this year.
“We have a lot of real estate that’s underutilized,” Frissora said in an interview with Bloomberg TV Thursday. “We have plans to basically develop all of that very valuable center-strip property as soon as we emerge. Those assets will have a very high-return, low-risk profile.”