He said 10,000 Las Vegas hotel rooms are currently being renovated and there are plans to recruit more celebrity chefs and musical acts.<\/p>\n
They are the No. 3 live entertainment promoter in the city and have performers such as Jennifer Lopez, Celine Dion, Elton John and Britney Spears all under contract. The duo of Penn and Teller play at the Rio and are the second highest paid magicians in the city at $31.5 million annually.<\/p>\n
Another plan that was announced was the continuing efforts to build a 300,000-square-foot convention facility in what currently is a parking lot next to the High Roller.<\/p>\n
Other developments that weren\u2019t specified but are on the drawing board include seven acres in front of Caesars Palace, 39 acres adjacent to The Linq and about 50 acres near Bally\u2019s, Paris and Planet Hollywood.<\/p>\n
The company also has the goal of expanding more outside of the US. Frissora said there are intentions for new resorts in South Korea, Japan and Brazil.<\/p>\n
One topic that Frissora reluctantly addressed was the tragic Route 91 shooting on October 1. Though it wasn\u2019t at a Caesars property, but at the MGM Resorts owned Mandalay Bay, he said everyone in town has been affected.<\/p>\n
\u201cIt\u2019s fair to say we are cautiously optimistic about the rebound and think the occupancy rates across the Strip took a little hit the first day and week,\u201d he said. \u201cBut every day seems to change and improve. The meeting business is solid. There have been no cancellations for the year.\u201d<\/strong><\/p><\/blockquote>\nThere has been a drop in visitors from Asian countries but he said they expect that to pick up soon.<\/p>\n
\u201cThe biggest impact has been in Asian play,\u201d he said. \u201cIt has been less because people in Asia are very respectful of the deaths that have occurred and believe there should be a period of mourning.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
After a nearly three-year long battle to emerge from bankruptcy, executives at Caesars Entertainment Corporation spent 90 minutes with institutional investors in New York City on Tuesday detailing the future. President and CEO Mark Frissora addressed the group for the first time since the merger between Caesars Acquisition Company and Caesars Entertainment Operating Company Inc. […]<\/p>\n","protected":false},"author":42,"featured_media":61695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Caesars Executives Divulge Big Plans Post Bankruptcy<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n