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October 26, The New York Times. The company's background can be traced to October 29, , when Bill Harrah opened a small bingo parlor in Reno, Nevada , a predecessor to Harrah's Reno. The late s and early s saw a rapid increase in gambling markets with the growth of Indian gaming and legalization of riverboat casinos. Memphis, TN. February 2, — via NewsBank. The Times. United Press International. The Promus Companies — Harrah's Entertainment — Gaming Hospitality. February 27, Retrieved — via PR Newswire. Arizona Daily Star. The vacant lots behind the casinos had been slated for a sports arena large enough to hold a professional basketball or hockey team. The three casinos will have over 8, rooms which can be directly connected to the arena. The Times-Picayune. Three senior managers lost their licence to run a gambling business. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection on January 15, [6] [7] which led to the foundation of Vici Properties as a result. This change was intended to capitalize on the international name recognition enjoyed on the Caesars name brand. September 13, Boyd Gaming. In , the joint venture announced they would build a 20, seat stadium behind the Bally's and Paris casino-hotels. San Mateo, CA. However, given the financing would require a special taxation district, opposition from the Clark County Commission regarding using public money in the project stalled it even further. Bill Harrah died at the Mayo Clinic Hospital in Rochester, Minnesota, at the age of 66, during a cardiac surgery operation to repair an aortic aneurysm. Las Vegas Review-Journal. In , Promus decided to spin off its non-gaming hotel businesses, in part because they had been undervalued by investors due to perception of the company as a risky gaming stock. The Advocate. Loveman at some point sought advice from private equity tycoon David Bonderman about the possibility of spinning off ownership of Harrah's Entertainment real estate as a separate real estate investment trust REIT , hoping to attain the higher price-to-earnings ratios at which hotel companies traded, compared to gaming companies. New York Post. Kansas City Star — via NewsBank. Las Vegas Sun. The Commercial Appeal. July 2, Chicago Sun-Times. April 14, Retrieved January 17, January 15, Retrieved January 15, Retrieved October 22, Archived from the original on Retrieved Chicago Tribune. February 19, December 17, {/INSERTKEYS}{/PARAGRAPH} April 4, Retrieved November 27, December 19, Schwartz February 9, Vegas Seven. Raleigh, NC — via NewsBank. Through the following year, Harrah's got uncertain on continuing with the project, not knowing if AEG would split the costs and whether building a major league-ready stadium without a guaranteed franchise to play on it would be feasible given the enduring financial crisis. The Kansas City Star. The Harrah's brand would remain one of the company's three primary casino brands. Hotels Casinos. This article is about the company known as "Harrah's Entertainment" before For the company Harrah's acquired in , see Caesars Entertainment, Inc. Retrieved August 13, Philadelphia Inquirer. November 21, — via NewsBank. Louis Post-Dispatch — via NewsBank. Seattle Post-Intelligencer — via NewsBank. Retrieved March 27, Caesars Entertainment. Omaha World-Herald — via NewsBank. Memphis, TN — via NewsBank. From to , the company consolidated control of a long stretch of the east side of the Las Vegas Strip, acquiring the Bourbon Street , [55] Imperial Palace , [56] Barbary Coast , [57] [58] and Planet Hollywood [59] casinos, along with large tracts of land behind the Strip properties. New Orleans CityBusiness. January 31, — via NewsBank. A IRS examination found Caesars had failed to report to the authorities over incidents involving potential criminal activity. World Series of Poker. Tucson, AZ — via NewsBank. The program began as Total Gold on September 4, , [] and was then renamed to Total Rewards on April 4, , [] and again to Caesars Rewards on February 1, From Wikipedia, the free encyclopedia. Liquidation of Harrah's collection of almost 7, antique automobiles reportedly returned the full purchase price of the company to Holiday Inn. Harrah's began to push for a larger international presence in , announcing joint venture agreements to build casinos in Spain, Slovenia, and the Bahamas, and applying for a license to build a major resort in Singapore, [52] though none of these projects would come to fruition. November 5, — via NewsBank. It was widely announced in previous years that the company planned to implode properties and build new ones from scratch, but after the market downturn the company conceded that it had little experience in building major resorts. Harvard Business School professor Gary Loveman joined Harrah's as chief operating officer in , [43] and would go on to serve as chief executive officer from to In , the company moved its headquarters from Memphis to Las Vegas. December 30, — via NewsBank. Baton Rouge, LA. Denver Post — via NewsBank. It was an attempt to create the kind of entertainment district that had developed organically in cities such as Los Angeles , Memphis and New Orleans yet was lacking on the Strip, with its enclosed and casino-centric zones. Operating income. It was announced in August that Harrah's Entertainment would run casinos in Cincinnati and Cleveland in Ohio when they opened in On November 23, , plans for an IPO were canceled, but a planned name change from Harrah's Entertainment to Caesars Entertainment Corporation did go forward as planned and was made official on the same day. American gaming corporation. {PARAGRAPH}{INSERTKEYS}Caesars Entertainment Corporation formerly The Promus Companies and Harrah's Entertainment is an American gaming hotel and casino corporation founded in Reno, Nevada and based in Paradise , Nevada that owns and operates over 50 properties and seven golf courses under several brands. Net income. Harrah's made its largest single expansion in , when it acquired Caesars Entertainment, Inc. Retrieved June 18, Retrieved January 14, Securities and Exchange Commission. On March 17, , it was announced that Caesars Entertainment Corporation and Eldorado Resorts were exploring a merger of the two companies. This attracted AEG primarily for not relying on public funding. Caesars Entertainment was censured by the UK's Gambling Commission in for lax money-laundering controls in at two of its London casinos. Instead it developed Project LINQ in , which called for retaining and improving all existing buildings while adding a collection of about 20 restaurants and bars to be built along a winding corridor between the company's Imperial Palace , O'Sheas and Flamingo casinos, on the east side of the Las Vegas Strip. Harrah's Inc.