The company was purchased by private equity firms Texas Pacific Group and Apollo Management for $27.8 billion on January 2008. Harrah's also purchased Imperial Palace, a casino on the Las In 2005, Harrah's acquired Caesar's Entertainmentįor $9.4 billion to make it the world's leading casino company. Rio Hotel & Casino in 1999 to give the company a true Vegas On renovating and expanding Harrah's Las Vegas.

Was restored in June 1995 and renamed Harrah's Entertainment. The casinos and hotels would eventuallyīecome part of the Promus Companies in 1990. In 1980, Holiday Inns would acquire Harrah'sĪnd the company would build its first hotel in Atlantic CityĬalled Harrah's Marina. Harrah's became the first publicly-traded casino company on the Would soon open new casinos in Lake Tahoe and Reno. When Bill Harrah opened his first bingo parlor in Reno, NV. The company was originally founded in 1937 The resort is located on the Las Vegas Strip next to Paris Hotel.Ī planned IPO for late 2010 was postponed due to market conditions. In February 2010, Caesar's acquired Planet Hollywood Hotel and Casino. The company's properties total over 3 millionįeet of gaming space and 40,000 hotel rooms. Louis, MO Council Bluffs, IA and Joliet, IL.Ĭaesars also owns the World Series of Poker and the London Clubs International family of casinos. Other casinos are in: Biloxi, MS Tunica, MS St. It also owns Caesar's, Harrah's, Bally's and Showboat casinos in Atlantic City. The casino company's best-known properties include Caesar's Palace, Bally's, Harrah's, Paris, Planet Hollywood and Rio's in Las Vegas. “The change reflects our evolution as the industry's leading provider of branded casino entertainment.” “In recognition of Caesars’ status as the world’s preeminent and most respected casino brand, we have changed the name of our parent company to Caesars Entertainment Corporation,” said Gary Loveman, chairman, president and chief executive officer of Caesars Entertainment. The company changed its name from Harrah's Entertainment in November.

It owns or manages 40 casinos primarily in the United States and United Kingdom. Caesar's Entertainment is the world's largest casino operator.

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