LAS VEGAS, May 18, 2017 /PRNewswire/ -- Caesars
Entertainment Corporation (NASDAQ:CZR) ("Caesars Entertainment")
today announced that, as part of its continued commitment to
providing guests with the best possible experience, the company
will be launching a $90 million
complete renovation of 1,270 rooms at Flamingo Las Vegas. The
renovation will begin in late August
2017, with the first guest arrivals expected in November 2017, and final completion of all rooms
expected in the second quarter of 2018.
"Flamingo Las Vegas is an iconic resort filled with 70 years of
rich history and unforgettable experiences," said Bob Morse, President of Hospitality for Caesars
Entertainment. "The renovated rooms pay homage to the property's
past, while also giving it a fresh and modern new look."
The fully renovated rooms will feature unique, contemporary and
retro-chic designs with accents that celebrate Flamingo's rich
history as the centerpiece of the Las Vegas Strip. Designed by
Forrest Perkins, the rooms were
inspired to sparkle like glitter and shine like champagne, with
vibrant hues of gold and bright pops of flamingo pink, keeping true
to the property's character and charisma.
Located in the heart of the Las Vegas Strip, Flamingo Las Vegas
helped define the Strip, and as the city grows, it continues to
represent the authentic Vegas experience. The resort celebrated its
70th anniversary in 2016, featuring more than 3,500
guest rooms and suites and is home to a sprawling 15-acre pool and
wildlife habitat complete with waterfalls, mature island vegetation
and tropical wildlife, three distinctive pools and several outdoor
wedding gardens.
Flamingo Las Vegas offers a
wide variety of dining options with eateries such as Jimmy Buffett's Margaritaville, Center Cut
Steakhouse, Paradise Garden Las Vegas Buffet and Carlos'n
Charlie's. An all-star line-up of entertainers includes
brother-sister duo Donny & Marie, Legends in Concert, Piff the
Magic Dragon and X Burlesque.
In 2016, Caesars Entertainment upgraded more than 4,800 rooms at
four of its Las Vegas resorts,
including Caesars Palace, Planet Hollywood Resort & Casino,
Paris Las Vegas and Harrah's Las Vegas. By the end of this
year, more than 50% of Las Vegas
rooms at Caesars properties will have been upgraded since 2014,
demonstrating the company's commitment to providing the best
experience possible for its guests.
About Caesars Entertainment Corporation
Caesars
Entertainment Corporation (CEC) (Nasdaq: CZR) is the world's most
diversified casino-entertainment provider and the most
geographically diverse U.S. casino-entertainment company. CEC is
mainly comprised of the following three entities: the majority
owned operating subsidiary Caesars Entertainment Operating Company,
wholly owned Caesars Entertainment Resort Properties and Caesars
Growth Properties, in which we hold a variable economic interest.
Since its beginning in Reno,
Nevada, 79 years ago, CEC has grown through development of
new resorts, expansions and acquisitions and its portfolio of
subsidiaries now operate 47 casinos in 13 U.S. states and five
countries. CEC's resorts operate primarily under the Caesars®,
Harrah's® and Horseshoe® brand names. CEC's portfolio also includes
the London Clubs International Limited family of casinos. CEC is
focused on building loyalty and value with its guests through a
unique combination of great service, excellent products,
unsurpassed distribution, operational excellence and technology
leadership. CEC is committed to environmental sustainability and
energy conservation and recognizes the importance of being a
responsible steward of the environment. For more information,
please visit www.caesars.com.
FORWARD LOOKING STATEMENT
This release includes "forward-looking statements" intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by the fact that they do not relate strictly to
historical or current facts and by the use of words such as "will"
or "expected," or the negative or other variations thereof or
comparable terminology. These forward-looking statements are based
on current expectations and projections about future events.
Investors are cautioned that forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified and,
consequently, the actual performance and actions of CEC may differ
materially from those expressed or implied by such forward-looking
statements.
Such risks and uncertainties include, but are not limited to,
the following factors, as well as other factors described from time
to time in the reports filed by CEC with the Securities and
Exchange Commission: that all the conditions to completion of
the project are met; receipt in a timely manner of all necessary
governmental approvals, licenses and permits; the effects of local
and national economic, credit and capital market conditions on the
economy in general, and on the gaming and hotel and restaurant
industries in particular; construction factors related to the
project, including delays, increased costs of labor and materials,
availability of labor and materials, zoning issues, and building
permit issues; the ability to timely and cost-effectively integrate
the project into our operations at CEC; changes in laws, including
increased tax rates, smoking bans, regulations, third-party
relations and approvals related to the project and CEC; and our
ability to recoup costs of the capital investment of this project
through higher revenues.
Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only
as of the date made. CEC disclaims any obligation to update the
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date stated, or if no date is stated, as of the date of this
press release.
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SOURCE Caesars Entertainment Corporation