 | |
| Company type | Public |
|---|---|
| Nasdaq: CZR | |
| Founded | 1990 Reno, Nevada, U.S. |
| Defunct | July 20, 2020 |
| Fate | Acquired by Eldorado Resorts |
| Headquarters | Paradise, Nevada, U.S. |
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world,[1] with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015,[2][3] which led to the foundation of Vici Properties as a result.
- ^ "Casino companies ranked worldwide by revenue". Statista. 2013. Retrieved January 17, 2015.
- ^ "Caesars Entertainment's operating unit files for bankruptcy". Reuters. January 15, 2015. Retrieved January 15, 2015.
- ^ Chapter 11 Petition (PDF) (Report). PacerMonitor. Retrieved October 22, 2015.