Harrah's Entertainment

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, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.

"Caesars Entertainment Corporation" redirects here. For the company currently known as Caesars Entertainment, see Caesars Entertainment. For other uses, see Caesars Entertainment (disambiguation).
Harrah's Entertainment
Founded1990 (1990)
Reno, Nevada, U.S.
DefunctJuly 20, 2020 (2020-07-20)
FateAcquired by Eldorado Resorts
HeadquartersParadise, Nevada, U.S.

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, which led to the foundation of Vici Properties as a result.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.