Caesars Entertainment invests $325m into Harrah’s
Caesars Entertainment has announced its massive $325m investment into the Harrah’s New Orleans casino, causing the re-branding of Harrah’s under Caesars name. The huge project, containing renovation and construction plans, is due to be done by 2024.
Drafted plans include a new 340 room hotel tower, brand new culinary and hospitality establishments within a fully functional and modern casino. The building will feature the Roman-inspired architecture on display at Caesars Palace in Las Vegas.
Some of the drafted plans include a brand new 340 room hotel tower and new culinary and hospitality establishments within a fully functional and modern casino.
Tom Reeg the CEO of Caesars Entertainment claimed that the company is extremely excited to introduce such a brand to the city of New Orleans. He went on to express his pride at being the only land-based gaming operator in New Orleans with a 20-year history, with Caesars’ commitment to the city of New Orleans being shown through this massive investment.
As a native of New Orleans, I am so proud that we are working with local architects and designers to help enhance an already incredible destination. What was shared today is only the beginning of a transformation that will bring new energy, excitement, and fun to New Orleans.
Said Harrah’s New Orleans General Manager, Samir Mowad.
During the previous year, Caesars was awarded an operating contract that will allow them to run such operations until 2054. It has been estimated that the City of New Orleans will be benefiting from millions of dollars in tax revenue whilst also seeing hundreds of jobs directly linked to the construction of the resort.