About Caesars Entertainment Corporation

Caesars Entertainment Corporation (formerly Harrah's Entertainment) likes to spread its bets. The firm owns and/or operates about 50 casinos (under such names as Harrah's, Horseshoe, and Rio) in about a dozen US states and five countries. Altogether its facilities -- including hotels, dockside and riverboat casinos, and Native American gaming establishments -- boast millions of sq. ft. of casino space and thousands of hotel rooms. Among its many locations on the Vegas Strip are Caesars Palace, Paris Las Vegas, and Planet Hollywood. The company went public in 2012, more than a year after it cancelled a previous IPO.

Geographic Reach

The majority of the company's casinos operate in the US, primarily under the Caesars, Harrah’s, and Horseshoe brand names.

Operations

The firm owns or operates a total of more than 50 casinos. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, one casino combined with a greyhound racetrack, one casino combined with a thoroughbred racetrack, and one casino combined with a harness racetrack.

Financial Performance

The company's revenue was $4.65 billion in fiscal 2015. That was a decrease of about 45% compared to the prior fiscal period.

Strategy

Caesars has been selling off or closing less profitable assets. For example, the company closed its Showboat Atlantic City casino, the Harrah’s Tunica casino, and the Golden Nugget casino in London. The company is likely to sell or divest more properties and assets to further consolidate its operations.

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Caesars Entertainment Corporation

1 Caesars Palace Dr
Las Vegas, NV 89109-8969
Phone: 1 (702) 407-6000
Fax: 1 (702) 407-6022
www.caesars.com/corporate

Stats

  • Employer Type: Public
  • Stock Symbol: CZR
  • Stock Exchange: NASDAQ
  • President and CEO: Mark P. Frissora
  • CFO: Eric Hession
  • Chairman: Gary W. Loveman

Major Office Locations

  • Las Vegas, NV

Other Locations

  • Maricopa, AZ
  • Chicago, IL
  • Joliet, IL
  • Metropolis, IL
  • Biloxi, MS
  • Cherokee, NC
  • Atlantic City, NJ
  • Reno, NV
  • Stateline, NV
  • New York, NY
  • Dallas, TX
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